Facts About Women Drivers on International Women's Day 2021
Insurance Companies have and still maintain women to be safer
drivers, on average, than their male counterparts. In the past this
meant that women were almost always able to find cheaper car
This came to an end in 2012 when European law made it illegal for insurance providers to use gender as a consideration when underwriting/calculating motor insurance quotes.
2021 there really is nothing more a woman can do to reduce their
annual cost of motor insurance that cannot be done by a man. Drive a
smaller car, drive less miles over the year, have fewer accidents and
make fewer claims on your insurance policy, building up your no
claims bonus over the years.
Being less likely to have an accident,
as the underwriting data has suggested is the case for years, you may
want to consider having a larger policy excess. An amount not covered
by the insurance policy, that you would be responsible to pay in the
event of a claim.
By having a larger excess on your policy you will receive a reduction in the annual premium. I think the best advice here is to ask your insurance broker for a comparison, understand what discount you could get for increasing the policy excess.
whilst gender is no longer used in the calculation of the cost for
your car insurance, age definitely does. Regardless of gender you
will find that young drivers pay a lot more for car insurance. 'Young'
in insurance terminology refers to drivers under the age of 25 years.
But with every additional decade lived car insurance gets less
This is simply because you are believed to have more driving experience, and therefore pose less of a risk for making a claim.
average men still tend to pay more for their car insurance than woman
because they tend to work in professions where more driving is
required or do more driving outside their work.
For reasons such as these insurers still consider men more risky and will pay more for car insurance due to their behaviour on the road. Would you believe than men also tend to speed more?
A well-known telematics, (vehicle tracking and data capture), company in the UK studied five years of data covering many millions of miles driven and found men were significantly more likely to exceed the speed limit than women.
In short that means that although insurance companies are not legally allowed to take gender into account and given that speed is seen as being a significant risk factor in road traffic accidents, overall the driving history for men shows more at fault road traffic incidents and more points on driving licences than woman.
Regardless of gender and not being allowed to be bias, here at efpg Insurance Brokers we will always do our best to give you the advice you need and the assistance our clients expect in getting the best value for money, not only your car insurance but all of your insurance needs
efpg - Here for what matters most.