Why Do Car Insurance Companies Offer Women Driver Cheaper Deals?

Sorry chaps, it's true: women really are better drivers. Or, at least, they are in the eyes of the insurance companies who have the statistics and claims pay out figures to back it up.

It's not really that women are better drivers or have fewer accidents per se; it's that the accidents they are involved in costs insurance companies much less to put right. The type of road accidents involving men tend to involve speed and be more serious whereas accidents of women drivers are normally much less dramatic and at slower speeds. But let's not get into a debate that features the words 'rubbish at parking'…

For purely risk costs reasons, then, insurance companies favour women drivers. In some cases, the degree to which female motorists are favoured over their male counterpart can be quite startling. For example, a seventeen year old male would find his policy quotes substantially more expensive than those received by his twin sister. In general, though, the difference in premiums between males and female drivers does decrease with age.

Unsurprisingly, car insurance companies are keen to attract female drivers, hence the lower premiums demanded and the emergence of women-only insurance companies.

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