In a straight comparison of like for like drivers, the fairer sex can expect anything up to £300 less on their car insurance which is almost beyond compare. Women's car insurance benefits from specialist insurers which only deal with women drivers. The niche market is growing however, as insurers base their rates on pure statistical risk, and with women the fact is the risk is much less than with their male counterparts.
When insurers are weighing up how to price their car insurance, the factors they take into account will adjust the variable price. These factors include, the make of car, the age of car, the specification of the vehicle, the age of the driver, the geographic location but perhaps most importantly the sex if the driver.
Of all the variables, gender is one of the most important which determines the overall price when you compare women's car insurance with men's. Of course it isn't a coincidence that women also tend to choose more modest cars with a smaller engine size and lower spec.
The cars which do not emphasise high performance tend to be ones which have more plentiful and cheap replacement parts, have cheaper labour costs to repair, and are easier to fix bodywork on. Taking these factors into account would make any car insurance cheaper, not just for females.
However, statistics show that when comparing the sexes, men tend to break the law a lot more often in their cars than women do. Approximately 90 per cent of all driving bans and convictions in Britain are attributable to male drivers, which speaks volumes to car insurers who are looking for careful drivers.
Although women have fewer convictions than men, the number of insurance claims that they make is roughly the same as men. What is interesting is that on average, when you compare women's car insurance claims with men's insurance claims, there is a huge discrepancy in cost.
Even when women do have accidents and make a claim on their car insurance, their costs are statistically much lower than when men claim. This is not only to do with the difference in cars that are driven, but also linked to the severity of the damage when men and women drive.
As a generalisation, women drive slower, safer and with more concentration than men, which is why they have fewer convictions but also why when they do have accidents the cost of repair is much less on
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