Female drivers often receive cheap women’s car insurance products not because they have fewer accidents, but because their accidents are less severe, it has been claimed.
This is according to the Independent, which recently examined why females often receive cheaper car and life insurance policies than their male counterparts.
Men are more likely to be involved in serious or fatal accidents and therefore pay higher premiums, the publication states.
“What you’ll find is that men tend to have more high-value accidents, whereas women tend to have more bumps and scrapes – usually at lower speeds and closer to home – which is why their insurance is cheaper,” said Niki Bolton of Sheilas’ Wheels.
The publication goes on to cite government figures that 60 times as many men are convicted of motoring offences than women, meaning that females can save hundreds of pounds on their women’s car insurance.
Last month, the Mail on Sunday made a similar claim based on findings by comparison site uSwitch.com.
Tags: Car, women driver