Motor Insurance for Women UK
What many women don't realize is that insurance and finance companies really like women. Although this is true for many insurance and finance products, it is especially true for motor insurance for women in the UK. There is nothing prejudiced about this. Statistically, women are a lesser risk than men of the same age and insurance companies are beginning to leverage this knowledge by offering cheaper motor insurance to women
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The insurance business is all about statistics and statistics thus have the power to influence insurance companies. Statistics have shown that women drivers are more careful when driving and will not make risky decisions that may be the cause of an accident. Women car owners are also shown to maintain their cars better, for example, being very meticulous about taking their car for scheduled maintenance and using reputable dealers or garages to get the work done. Also, statistics have shown that when women drivers are involved in accidents, they tend to be less costly than accidents that involve only male drivers. This is good news for insurance companies, because this means that they have to pay out less on claims. All this will be reflected in the premium an insurance company will offer a woman driver.
The difference in premiums between women and men drivers becomes even more glaring if you are a young and new driver. Young male drivers are seen as extremely high risk, whereas the same age female driver is seen as less of a risk. This means that if you are a young female driver, you will be able to save up to 50 percent of your premium, when compared to a male counterpart in the same category. This means that really does make monetary sense to seek out specialist insurers, if you are a woman.
Some specialist insurance companies have even gone further to offer specific 'women only' motor insurance policies. In most cases, these motor insurance policies are cheaper and offer some additional benefits catered to women drivers, such as 24-hour emergency breakdown service or other services that are attractive to women. So, it definitely makes sense, if you are a woman, to seek out such coverages from insurance companies.
