Why Car Insurance is Cheaper for Women

It is no secret that women are less expensive to insure than men, but very few people take the time to find out why that difference exists. It is not because the fairer sex is favored by insurance companies, or a ruse to lure in unsuspecting females, women receive lower rates than men in an otherwise identical situation because, simply put, they pose less of a risk to insurance companies.

To begin with, statistics show that female drivers are less likely to indulge in risky behavior while driving. They wear their seatbelts, keep both hands on the wheel, and rarely dart in and out of traffic to make up for leaving home a few minutes late. And for insurance companies, adhering to the rules of the road means less risk of an accident, and that equates to saving money on claims.

Young men and women both pay higher rates than their mature counterparts, but teen females are still considered safer drivers. Accident statistics show that boys are more likely to drive over the speed limit, run through traffic signals and other behavior that puts them at risk of serious accidents. Girl drivers, on the other hand, tend to follow traffic rules and avoid situations that could lead to citations or accidents.

Because it is the mother who transports children in her vehicle more often than the father, it is more likely that the female driver will drive more safely with them in the car. This can be attributed to maternal instinct, but the fact is that women tend to be safer drivers, despite popular myths about women drivers and accidents waiting to happen.

To test this for yourself, go to an online website that offers free insurance quotes. Get two identical quotes for coverage, setting the first one up as a female driver and the second one as a male driver. As you will see, no matter how the policy is configured, it is the woman who will get the best rates when all other factors are the same.