Insurance companies all take many factors into account when they decide on the premium of your policy.
One of the factors is your gender.
Your current insurance premium is surely a direct response to your gender.
In general, women pay a lower cost for insurance when compared to men.
Generally because men tend to have more accident claims.
Women are said to be safer drivers and they take more care when driving.
This is just based on surveys and statistics that have been released by notable organizations.
Insurance companies are only following what the statistics are showing.
We are not saying that all women are safer drivers than men.
There are several insurance companies that focus on insurance policies for women and they are quite cheap.
Just because the price is cheap, does not mean the quality is compromised.
A quick search online will give you some insurance companies that only work with women to find good rates.
Insurance companies still perform tests and conduct surveys that are aimed at men and women of various ages.
The results are then classified and used in determining which gender should be of higher risks.
Men still stand at the top of the bar for having more claims.
According to statistics, women drivers are not responsible for many of the accidents that occur, and if they are; there normally is not any significant damage to the vehicle.
Insurance companies spend more money paying for faults involving men compared to women.
Women are said to be gentle with their vehicles and they follow the rules as opposed to men.
During driving exams, women drivers tend to excel on their first try, while some men need a second shot at it.
Insurance companies will consider other things as well, such as your age, driving record, and the vehicle you drive.
Women usually tend to drive safer vehicles, so they are paying a low cost in terms of that.
If you have a clean driving record; you can benefit from some discounts.
You could also tell them to reconsider your portfolio if you recently received a clean record.
Some people believe that women undergo a different criterion when their policy is being setup.
That is not true because, both men and women have the same regulations.
If you have a costly, luxurious vehicle; you will be expected to pay a higher premium on your insurance.
If you have a vehicle and it does not have an alarm system on it, you should definitely get one installed.
Once you install it, notify your insurance company so you can benefit from a small discount.
If you continue to be a safe driver, your insurance cost will decrease in the long run.