Car insurance for women is a subject of hot debate on many internet forums and blogs. This is because many South African insurance companies as well as insurance companies all over the world offer female drivers cheaper car insurance. This lower car insurance premiums for women is attributed to many factors but the bottom line is that many car insurance providers consider female drivers to be a lower risk than male drivers.

Why Are Female Drivers A Lower Risk?

There are some European countries that have now banned “women only” car insurance companies as it was deemed a form of discrimination. However, in South Africa, actuaries and insurance providers still use gender as a factor that is taken into account when determining an individual’s risk profile.

An insurance company gains all of its data from actuaries who gather all relevant data for them. The obvious gender-based trend in this data is that a lot more males are involved in property damaging and fatal car accidents than females. This is interpreted as females being much less of a risk than males.

Also, females tend to have a lower risk profile because of the types of vehicles that they drive. It is mostly men that would drive vehicles such as trucks, buses and taxis. It is only a tiny percentage of these large vehicles, which have a much higher risk attached to it, which is driven by women.

Finding Car Insurance For Women

When shopping around for car insurance as a woman, it is important to try and get the best possible deal and value for your money. There are many car insurance providers in South Africa that provide car insurance for women only and their rates are usually extremely competitive. It is also worth researching other car insurance companies as well you would probably receive a better rate because you are a woman.

The trick to finding the best car insurance is always to shop around as much as possible comparing premiums, coverage, excess and added benefits on offer.