Are women far better bets to cover in motor insurance than men?

Yes, it's a fact. The local leading insurers are also practicing this. Women do enjoy a lower rate in motor insurance premium than their counterpart. Normally, it should be close to 6% which can be quite a sweet saving.

Are women far better bets to cover in motor insurance than men? And why?


a. Ladies are naturally not inclined to drive very large or classic automobiles like men. Meanwhile, motor insurances are mostly related to the model, newness, driver's personality etc while they are being evaluated for insurance rate premiums and its insurable risks.

b. Ladies are not also inclined to drive recklessly or race abnormally along the highway, since their emotional reserve makes them very wary of accidents and harm. Therefore, the statistics of men involved in motor accidents are geometrically higher in proportions to that of women. Men drink and drive; drive late nights from parties and even rob with their own cars! These are delights to which generality of women take frightful exceptions, thereby making them good insurable prospects to insurers.

c. Ladies rarely institute lawsuits in the case of claims, simply because most cars they use are either bought by hubbies and to be replaced by them or bought by their parents. Meanwhile, men struggle to personally buy most of their cars and when it gets bashed, they race over to their insurers in the fear of avoiding a totally new purchase.

d. However, to encourage that women get more covers, some particular agents and insurers provide incentives to encourage them not only to be careful, but to equally cover their niche of the industry market.

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