Why Is Car Insurance for Ladies So Much Cheaper?

Have you ever wondered why auto insurance is typically less costly for women than it is for men? The reason is a simple one that you may have assumed: ladies are statistically safer drivers than their male counterparts. Before we are drowned out by the collective groan from male chauvinists the world over, let’s look at the facts. On average, women drive their cars more slowly and cautiously then men do, often drive shorter distances, and are convicted of a startlingly lower number of driving offensives. These are the reasons for the lower rates in car insurance for ladies.

Men are convicted of 92% of all driving offenses and 96% of all “dangerous” driving offenses. Those numbers are staggering. What it means is that in more than nine out of every ten cases of DUI/DWI, vehicular manslaughter, reckless driving, and other such driving offenses, the perpetrator is male. Yet we wonder why car insurance for ladies costs less.

The insurance industry is essentially a gamble. When you pay your insurance premiums each month, you’re placing a bet and so are they. You are betting that something will happen in your car on the road and that you’ll be liable. The insurance company is betting that you will not. So, like any career gambler, the insurance companies know how to play the odds. The statistics show that women drivers are simply a safer bet for the insurance company to place.

Betting on the fairer sex is so safe that there are at least two auto insurance companies operating out of the UK that offer insurance to female customers only. You read that correctly. Diamond Insurance and Diva Insurance are two British companies that insure female drivers exclusively. Ask either of these insurance companies why and they’ll tell you exactly what we’ve been saying: women drive more safely.

Keep in mind that the insurance statistics provided show generalities. No one is going to claim that a woman is a safer driver simply because she’s a woman. One wouldn’t have to look very hard to find a gentleman who had never received so much as a speeding ticket and a lady that has her license suspended or revoked more than once due to her shenanigans behind the wheel. The insurance gambling game is one of generalities, statistics, and trends, however, and until the statistics change you can guarantee that women will continue to be offered lower rates than men for their auto insurance needs.