Women Pay More for Car Insurance - 20 Aug 2009 17:53
The age old stereotype that women drivers are not as skilled as their male counterparts, may be true in the eyes of risk analysis systems. A recent study by ThinkMoney.co.za showed that women on average pay more for car insurance than men. Men get cheaper insurance when single, while women get better deals as a couple.
For this reason 1st for Women car insurance was setup to tailor insurance specifically for women and their needs under the premise that women are safer and thus lower risk drivers than men. This makes them a better insurance risk and should entitle women to the benefit of lower premiums. When it comes to women, insurance that caters particularly for them is the cheapest. According to the research study, those women who insured with First for Women paid lower premiums, sometimes up to 40 percent, than those women who have insured with other insurers.
Their added benefits also cater for women, with 24-hour medical and trauma assistance, emergency helpline, transfers of life saving medication, car for stranded minors and repatriation benefits. The benefits they receive from 1st for Women also include legal advice, while the home insurance benefits women with free call outs and hour labour of plumbers, electricians, glaziers, locksmiths and appliance repairers.
As is always the case, lower risk clients get great deals. If an insurer automatically considers you a low risk client based on your gender, why not get a great deal?
The age old stereotype that women drivers are not as skilled as their male counterparts, may be true in the eyes of risk analysis systems. A recent study by ThinkMoney.co.za showed that women on average pay more for car insurance than men. Men get cheaper insurance when single, while women get better deals as a couple.
For this reason 1st for Women car insurance was setup to tailor insurance specifically for women and their needs under the premise that women are safer and thus lower risk drivers than men. This makes them a better insurance risk and should entitle women to the benefit of lower premiums. When it comes to women, insurance that caters particularly for them is the cheapest. According to the research study, those women who insured with First for Women paid lower premiums, sometimes up to 40 percent, than those women who have insured with other insurers.
Their added benefits also cater for women, with 24-hour medical and trauma assistance, emergency helpline, transfers of life saving medication, car for stranded minors and repatriation benefits. The benefits they receive from 1st for Women also include legal advice, while the home insurance benefits women with free call outs and hour labour of plumbers, electricians, glaziers, locksmiths and appliance repairers.
As is always the case, lower risk clients get great deals. If an insurer automatically considers you a low risk client based on your gender, why not get a great deal?