Car insurance companies are notorious for analyzing every aspect of a driver’s driving record. Different characteristics are examined like car model, geographic region, neighborhood theft rates, and other external factors. However, did you know that auto insurance companies also based their premium amounts on driver gender? It’s a known fact that young ladies have better car insurance rates across the broad. According to car insurance companies, lady drivers are less risky to insurance.
Cheaper young lady driver car insurance does not mean women are involved in less accidents than men. In general, car damage suffered by women is much less. Whereas a man might suffer a head-on collision, women go through less serious accidents like a fender bender or scratch. This means young lady driver car insurance claims are much less. On average, young lady driver car insurance premiums are up to 40% less than men who share the same car features. It is also a well known fact that young ladies drive slower than men.
Many auto insurance companies work specifically with young ladies and their autos. Many of them work exclusively with a target population altogether, like the elderly and those with that share “convicted driver” status. Many young ladies operate as standalone, without anyone else covered under a young lady driver’s car insurance policy. Adding a spouse to an exclusive policy forces auto companies to re-evaluate high risk from the start. Although offering lower premiums means less profit, a steady volume of young ladies falling under young lady driver car insurance means profit in the long run. All in all, there are plenty of young lady driver car insurance policies to choose from. Providing everything from legal cover to collision and comprehensive coverage, there is an insurance policy for everyone – no matter how high or how low their risk level.
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