Is Womens Vehicle Insurance Just A Marketing Gimmick?

Women's auto insurance has been popping up all over the net and our Tv screens lately. There is a whole new class of insurers like Sheila's Wheels and Cover Girl who provide automobile insurance for ladies only. They promise reduced premiums for girls drivers due to the fact, they claim, it really is less expensive for them to insure ladies. ineedcashloan.com Girls are much better drivers so a reduced risk, they say. They have fewer accidents, fewer driving convictions and when they do have an accident, the repairs are usually less costly. So, is it truly true, or is it just yet another advertising gimmick? The answer to the question is each yes and no. Girls only insurance organizations are advertising and marketing to a specific niche - girls drivers. Of program it's a gimmick, but like the best marketing and advertising gimmicks, it is based in truth. Here are the facts about females drivers and insurance: -92% of driving convictions are handed out to men. Those figures are changing, even though, as ladies become much more aggressive drivers. According to statistics gathered by the car insurance comparison internet site confused.com, 16.8% of male drivers have convictions on their driving record, compared to 9.8% of female drivers. That number is up from four.8% of female drivers just three years ago. -Men drive differently than ladies. A whopping 98% of dangerous driving convictions had been handed out to male drivers final year. According to all the analysis, men tend to be more aggressive and competitive behind the wheel than females, and that naturally leads to much more accidents. Females tend to drive far more gradually - normally inside the speed limits - and to drive shorter distances. All of those facts add up to fewer accidents that involve females. (So considerably for all those jokes about lousy females drivers. The statistics say otherwise.) -Insurance companies spend out less in damages for policies taken out by women. When girls do get into an accident, they tend to be of the fender-bender scrape selection. Overall, insurance companies have often known that female drivers price them much less in payouts. Nevertheless, that doesn't necessarily translate to the lowest premiums from organizations that only insure ladies. In fact, several of them offer actual quotes that are higher than the rate you'd be quoted from a far more generic motor insurance company. The truth is that despite the widespread sentiment that girls drivers underwrite their much more pricey male counterparts by paying higher insurance, most insurance companies offer reduce insurance coverage rates to female drivers as a customary element of carrying out business. That's not to say that you won't get the best value from an insurer who only insures women's vehicles. The bottom line is the same as it is with any other auto insurance coverage selection. Shop about. Get insurance coverage rate quotes from a quantity of different firms ahead of you decide on the policy that's very best for you. Maintain in mind when you're comparing policies that you must often compare like with like. Decide on the specific cover that you want prior to you start requesting quotes, and make certain that the rate you're quoted contains all the cover you require. It is actually the only way to be definitely certain you are acquiring the very best cover for your money.