The world should always work fairly. No matter who you are, you should pay your own way through life based on a realistic measure of the costs and benefits of what you do. When it comes to insurance, remember the actuaries who sit in the back office and crunch all those numbers to produce statistics. They are working out the probability any given person holding an insurance policy will make a claim. The higher the risk of a claim, the higher the premium rate. But if you drive like your life depended on never picking up a ticket or having an accident, you give a practical demonstration of why you should have the lowest possible rate. The longer you go without an accident, the lower the rate. If you stay with the same company during this time, you will also earn a loyalty bonus so you benefit two ways.
What has this to do with the sexes? The answer is one of life's great ironies. If you ask the average man, he produces one of these contemptuous curls of his lip and will tell you most women have no idea how to drive well. He will be full of stories about idiotic things he has seen women do behind a wheel. He will hate to be driven by a woman. Except every statistic from every country around the world proves women are safer drivers than men. For all the contempt, women drive more slowly, follow the law on speed, stop when they should at junctions. Because of this, they are involved in fewer accidents. Even if they are unlucky, they are usually traveling slowly enough that there's less damage to the vehicles involved and fewer people are seriously injured. Put another way, if everyone drives as well as women, we would all pay less for our insurance cover.
This is where the unfairness comes in. The way insurance works puts everyone together in the same pool, and they all share the risk. But because women are significantly lower risk than the men they share the pool with, the women subsidize the men, i.e. they pay more because the men make more claims in higher amounts. Women drivers will always pay less if they find a specialist insurer who offers women-only cover or has a pool where the women are in a majority. This is why is pays to shop around. As a woman, you really should take the time to properly investigate what premium rates are available. If you get a good spread of car insurance quotes, you should be able to find serious savings as against comparable men. Then check out the website operated by the Insurance Commissioner in your state. Are there any insurers who offer better deals for women. Ask in the forums and chat rooms for local information. If there are specialists, contact them and get car insurance quotes directly. You never make savings unless you are proactive.
Insurance coverage for vehicles is as varied as the vehicles themselves. It is always best to understand the different types of insurance for your vehicle so you'll know what you will get in case you got into an accident. The law also requires that anyone who owns a car must have an insurance. The premium that you will pay largely depends on several factors like your gender, age, make and model of your car, and more.
Car insurance is one thing that all car owners should have. While not everyone wishes that they will use it, the knowledge that insurance covers you and your vehicle for any accidents will give you peace of mind while driving. Vehicles' insurance coverage does not only include payment for the damages on the car but an assurance for your medical fees as well. Properties that are damaged by the vehicle involved in the accident are also covered. In short, insurance coverage for cars protects the owners from unwanted expenses that may be incurred should an accident happen.
Car insurance premium can really burn a serious hole in your pocket. There are, of course, ways on how you can keep your insurance premium low. The best way to do it is to properly maintain your vehicle and keep it in tip-top shape. This would ensure that your vehicle is always running at its best and will reduce the chances of accidents. In most accident cases, 5% of these incidents are caused by faulty engines or tire blowouts—situations that could have been avoided with the right car maintenance.