How Auto Insurance Companies Evaluate Female Drivers

You probably keep hearing how female drivers aren’t very “good drivers.” While a lot of women do not want to hear such a remark, auto insurance companies find it a necessity to categorize not just women, but everyone. It’s a must for them to even consider your age and occupation. It’s all simply based on statistics. There are actually statistical findings that force auto insurance companies to offer lower or higher rates to certain people. And while you might think that, being a female driver, insurance companies will offer you a higher rate, you got the whole scenario the other way around – based on the statistics, most or even all auto insurance companies know that female drivers are the most careful drivers. Therefore, women are usually offered much lower rates! But there’s more.

As research has suggested, female drivers don’t get into as many accidents as male drivers do. Also, car accidents caused by female drivers aren’t as serious compared to accidents caused by male drivers. Moreover, female drivers are not involved in auto-related crimes as often as male drivers are. Female drivers also tend to pass their driver licensing tests on the first day compared to male drivers. So when a car insurance company offers you a more affordable auto insurance rate, it isn’t because you’re a woman, it’s because of what the studies show. It just shows that the risk of having to pay for damages or injury is lower and so you would be a “better candidate.”

Evidently, this doesn’t necessarily mean that women will always be better drivers. The statistics mentioned are just one thing car insurance companies look at when determining the auto insurance rate. Other factors play a part, too, such as the overall protection of your car from theft, your driving record, where you live, your age, your occupation and your grades if you are a student.

How Auto Insurance Companies Will Generally Assess You:

There are two main things that a car insurance company will evaluate you with, and these are gender and driving record. We’ve already discussed gender so let’s talk about your driving record. Several factors can be involved here, including speeding tickets as well as parking tickets. Studies have shown that the ultimate premium cost is largely determined by things like how many times you were involved in a car accidents as well as how many traffic or parking tickets you’ve had so far. A person who’s had just, say, 2 accidents in the past will understandably pay less than someone who’s had 5 accidents. Also, the reason of you having been involved in an accident matters. An accident resulting from drunk driving will draw in more insurance fees.

But Wait

While a lot of car insurance companies offer cheaper rates to women, it could be the other way around if you aren’t careful. Some insurance companies will take advantage of this knowledge and try to make you think you are paying a lesser amount when in fact you are paying the average rate for everyone else or even a much higher one. So always remember to take initiative to know the usual rate for women drivers and ask for a discount instead of waiting for the insurer to give it to you (never assume that they will).