Why Being A Woman Helps
Remember, insurance companies are data driven businesses. This means all types of data helps them decide who pays what and how much. If you were in the business of managing risk, you’d probably want the best information possible to make those decisions as well.
Gender is one part of that data, but it’s a pretty big part as the 3 main risk factors are favorable towards women. In no particular order, here they are.
Accidents & Injuries
Did you know men are 10% more likely to get into a car accident? And furthermore, 10% more likely to not being wearing a seatbelt? It’s not crazy talk, these are actual facts (according to the National Assoc. Of Insurance Commissioners) and when there are accidents, especially those without property safety devices like seat belts – there are often injuries. You can guess what happens when there are more accidents and more injuries. Yep, the insurance company has to pay more! Have you ever been to a hospital? Those rates aren’t cheap. The bottom line is safe drivers = cheaper auto insurance.
There is however, one caveat. Your personal driving record.
Now, being a female doesn’t automatically make you a better driver (statistically, you are!) so if you’ve been in recent accidents and have had injury claims, chances are you’ll be a higher risk to the insurance company, though, don’t worry – that’s why you always compare insurance rates.
Le Speeding Ticket(s)
Ok, we tried to have a little fun with the French, but let’s be real. Men statistically speed (and get caught speeding!) more than women. Of course, no one is insisting women are slow, the facts just state men get more tickets. As in, 24% more! Ouch.
As you can guess, speeding on average leads to great risk of accident and with accidents come injuries. The more accidents, the more injuries, the more an insurance company has to pay (sound like a broken record, yet?).
It’s nice knowing you automatically get the benefit of the doubt.
DUI/DWI/DUII
Let’s not even get into the costs associated with insurance AFTER a DUI. This is purely stats here. Women are not only less likely to get convicted of a driving impaired, but they are 60% less likely! If it wasn’t a fact, it would be hard to believe.
Less DUI’s mean less accidents, which means…I think you get where we’re going with this.
Safer Vehicles
Insurance companies love safe vehicles. You know who else, on average, loves safe vehicles? Come on, take a guess! Yes! Women. It doesn’t mean that you personally don’t love and drive a Porsche Turbo, it just means on average – most women don’t. Most women also prefer to drive vehicles with safety features that help protect them and their family. It’s not to say men don’t, however, as a lump of aggregate data over all of the years that insurance companies and institutions have been collecting it – women, on average, drive safer vehicles.
What Do I Do Now?
You get auto insurance quotes, as many as you possibly can! This is where you get to use being a woman to your benefit, and nowhere else but the on the Internet is it this dang easy. Maybe you think your rates are already low. Maybe you think you can’t switch insurance companies because you just bought insurance (you can switch any time. Your balance, if any would be refunded) – or maybe you just don’t believe us. That’s fine, but let us say this. Give us 5 minutes of your time and we’ll show you lower rates than you’re paying now.
Use our 100% free service to compare auto insurance rates, from multiple companies, instantly. If you like what you see and want to switch insurance companies, you’re more than welcome to do so. If you like what you see and just aren’t sure you want to switch yet, that’s fine, too!
Remember, insurance companies are data driven businesses. This means all types of data helps them decide who pays what and how much. If you were in the business of managing risk, you’d probably want the best information possible to make those decisions as well.
Gender is one part of that data, but it’s a pretty big part as the 3 main risk factors are favorable towards women. In no particular order, here they are.
Accidents & Injuries
Did you know men are 10% more likely to get into a car accident? And furthermore, 10% more likely to not being wearing a seatbelt? It’s not crazy talk, these are actual facts (according to the National Assoc. Of Insurance Commissioners) and when there are accidents, especially those without property safety devices like seat belts – there are often injuries. You can guess what happens when there are more accidents and more injuries. Yep, the insurance company has to pay more! Have you ever been to a hospital? Those rates aren’t cheap. The bottom line is safe drivers = cheaper auto insurance.
There is however, one caveat. Your personal driving record.
Now, being a female doesn’t automatically make you a better driver (statistically, you are!) so if you’ve been in recent accidents and have had injury claims, chances are you’ll be a higher risk to the insurance company, though, don’t worry – that’s why you always compare insurance rates.
Le Speeding Ticket(s)
Ok, we tried to have a little fun with the French, but let’s be real. Men statistically speed (and get caught speeding!) more than women. Of course, no one is insisting women are slow, the facts just state men get more tickets. As in, 24% more! Ouch.
As you can guess, speeding on average leads to great risk of accident and with accidents come injuries. The more accidents, the more injuries, the more an insurance company has to pay (sound like a broken record, yet?).
It’s nice knowing you automatically get the benefit of the doubt.
DUI/DWI/DUII
Let’s not even get into the costs associated with insurance AFTER a DUI. This is purely stats here. Women are not only less likely to get convicted of a driving impaired, but they are 60% less likely! If it wasn’t a fact, it would be hard to believe.
Less DUI’s mean less accidents, which means…I think you get where we’re going with this.
Safer Vehicles
Insurance companies love safe vehicles. You know who else, on average, loves safe vehicles? Come on, take a guess! Yes! Women. It doesn’t mean that you personally don’t love and drive a Porsche Turbo, it just means on average – most women don’t. Most women also prefer to drive vehicles with safety features that help protect them and their family. It’s not to say men don’t, however, as a lump of aggregate data over all of the years that insurance companies and institutions have been collecting it – women, on average, drive safer vehicles.
What Do I Do Now?
You get auto insurance quotes, as many as you possibly can! This is where you get to use being a woman to your benefit, and nowhere else but the on the Internet is it this dang easy. Maybe you think your rates are already low. Maybe you think you can’t switch insurance companies because you just bought insurance (you can switch any time. Your balance, if any would be refunded) – or maybe you just don’t believe us. That’s fine, but let us say this. Give us 5 minutes of your time and we’ll show you lower rates than you’re paying now.
Use our 100% free service to compare auto insurance rates, from multiple companies, instantly. If you like what you see and want to switch insurance companies, you’re more than welcome to do so. If you like what you see and just aren’t sure you want to switch yet, that’s fine, too!
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