If you're female and looking for car insurance, you're in a good position
Car insurance premiums tend to be cheaper for women for several reasons:
- Women drivers are involved in fewer accidents than male drivers and accordingly, make fewer car insurance claims.
- Women have fewer traffic violations and are, in general, more careful drivers.
- Car accidents that women are involved in tend to cause less damage than accidents involving and caused by male drivers.
Considering that car insurers adjust premiums according to risk categories, it's no wonder that women's car insurance is generally cheaper than their male counterparts'. Additionally, if the primary policy holder is a woman in an older demographic, chances are that the premium will be reduced even further, as older drivers are considered safer.
Some car insurance companies in Australia offer specifically tailored women's car insurance policies. Here are some tips to choosing the one that's right for you