Men and women even shop for car insurance differently

woman-driver

According to a recent study conducted in Singapore, men and women are poles apart when it comes to the strategies they use to track down car insurance with the majority of women opting to consult their partner on the matter, while men would seek the advice of an insurance agent.

400 Singapore motorists were polled as part of the study which was commissioned by motor insurance price comparison website, CompareXpress. The findings revealed that half of all the women drivers who were questioned would discuss their car insurance options with their spouse or partner before signing up to a new policy. However just 3 in 10 men said they would consult their partner when searching for motor insurance.

The study also found that when it comes to researching car insurance online, the sexes are equal with both using online resources to track down the right policy for them. However women are less likely to ask to a wide range of quotes from different insurers with just 2 in 10 requesting a car insurance quote from a broker or direct from an insurance company, compared to 4 in 10 men.

It certainly pays to shop around for car insurance quotes as the study in Singapore showed that those who did compare rates of car insurance tended to pay lower insurance premiums.

Women less likely to take out comprehensive car insurance

Young-female-driver

Women are less likely to take out comprehensive car insurance when compared to men, according to a recent survey.

The research was commissioned by The Post Office and found that just 44% of women had taken out comprehensive cover on their motor, which is significantly less than the 58% of men who did have comprehensive car insurance.

The Post Office says it recommends comprehensive insurance for all motorists as it offers the widest range of protection including cover against theft, damage, and some policies even offer breakdown cover.

Third party, fire and theft policies offer a lesser level of protection, although drivers are often tempted to opt for this policy as it is cheaper than comprehensive cover. The advice being given from The Post Office is to thoroughly read through a motor insurance agreement before signing on the dotted line so as to be clear about what exactly is covered as part of the policy.

Separate research found that women are less likely to be involved in a head-on car collision compared to men, however they are more prone to accidents at slower speeds such as at traffic lights, car parks, and roundabout. Female motorists are the worst culprits when it comes to bumps and scraps to their vehicles, all the more reason to take out a comprehensive insurance policy perhaps?!

High up on the average women’s list of priorities for their motor insurance policy, is cover to protect against the theft or loss of car keys.

Women less likely to clean their own cars

car-wash

Insurance retailer Swinton conducted a survey of 3,000 women drivers and found that a high proportion of these motorists would enlist the services of a professional, or a family member, to clean their car instead of doing it themselves.

18% of the women who were questioned said they would get a partner or their father to tidy their vehicle or pay a professional valet to give their car a spring clean, to avoid doing it themselves. However a separate study discovered that men are probably the best candidates for car cleaning as 13% of the men they spoke to said they got more pleasure out of cleaning their car, when compared to cleaning their homes.

Some of the most common items left in women’s cars include discarded food wrappers and empty drink bottles and cans, also old newspapers and magazines and used parking tickets.

Despite the hesitance of women to clean up their cars, over three quarters of the female motorists who were questioned said they were embarrassed by the state of the inside of their cars. However almost all of the ladies who were asked, 98%, said they would ensure their car was thoroughly cleaned if they were selling it.

Car insurance experts at Swinton recommend that drivers keep their cars as tidy as possible as leaving items on display could make a vehicle a target for thieves.

Female drivers feel the pinch after being hit by hike in insurance rates

female-driver

Recent research has revealed that young female drivers are really feeling the pinch after being the worst hit from the rise in insurance rates.

According to the survey conducted by a car insurance price index company, over the last 12 months car hire insurance prices have soared by 14.3% with the average cost of car insurance now standing at £524, which is up £66 when compared to the same period in 2009.

Traditionally female drivers have always benefited from lower insurance rates in comparison to men as statistically, they are involved in less accidents, meaning women are seen as a lower risk than men. However the recent figures showed that females aged between 21-35 were experiencing a rise in insurance cost above the market average.

Some experts believe that insurance companies are trying to narrow the gap between young male and female drivers with the sudden surge in rates of insurance for women drivers in this age group.

As claims costs are continuing to rise, industry experts warn that we haven’t seen an end to the increase in insurance premiums.

Due to the increase in insurance prices across the board, more and more people are said to be turning to price comparison sites as they shop around in order to seek out the very best deal available.

Young female motorists urged to shop around to find the best deals on motor insurance

Young-female-driver

Following the release of an AA report which found that insurance premium rates for female drivers aged between 17-22 years have risen by 75, young motorists are being urged to shop around in order to find the lowest deals possible on car insurance.

The hike in insurance premiums couldn’t have come at a worst time for young motorists who are already struggling to keep up with the cost of motoring due to the increasing fuel costs.

A large proportion of the drivers who fall into this age group are in full time education at University of college meaning they have a limited amount of disposable income. For this reason, it’s essential that these drivers do all they can to seek out an affordable deal on motoring insurance to ensure they can stay on the road.

It’s been proven that shopping around for car insurance quotes can save drivers a substantial amount of money. In some cases the difference between the cheapest and the most expensive quotes found for a 20-year-old female driver have differed by 30%. With savings this good available, you can’t afford to not look around for a low cost deal on motor insurance.

Young female drivers more likely to break the speed limit?

Young women more likley to text behind the wheel a survey has revealed

A number of insurance companies are considering restructuring their pricing system for young female drivers after a survey has revealed that women drivers are more likely to break the speed limit, and use a mobile phone behind the wheel, compared to male drivers.

The results of the study shatters the long held perception that young male drivers are the worst culprits when it comes to speeding and other dangerous driving acts. Traditionally young female drivers enjoyed lowers rates of insurance when compared to their male counterparts as they were considered a lower risk group, however that could all be about to change following the publication of these survey results.

The survey results revealed that 48% of teenage girls are likely to drive 10mph over the speed limit but only 36% of men admitted to speeding. 16% of the teenage girls questioned said they would consider themselves to be aggressive drivers, which is up 9% on the results collected in 2005.

Another worrying statistic which the survey threw up was the increasing number of drivers who are using their mobile phone while driving. Over half of the young women questioned through the online survey said they are likely to text or talk on their mobile while driving compared to just 38% of the young men.

Female drivers more likely to drive a new car without reading the manual

Brand-New-Cars

M&S Car Insurance have discovered that female drivers are the worst culprits for driving away in a new car without reading the instruction manual first.

However the men don’t fair much better as the poll conducted by the company showed that 30% of male drivers are likely to drive off the forecourt without consulting the instruction manual, compared to 40% of female drivers. On the whole only 12% of UK motorists will study the manual before embarking on their first trip in a new car.

Delving into the survey’s results further, it reveals that 35% will not read up on their new car at all before driving it, while 51% say they flick through the manual ahead of their first ride in their spanking new vehicle.

Only 21% of motorists said they felt confident they knew how to operate all facets of their new car before driving off, while a worrying 19%, which is almost a fifth of people, said they worked it out on the road. Figuring out how to use headlights, CD player, and windscreen wipers is something these motorists say they do while behind the wheel.

Insurance companies warn that drivers could be putting themselves at unnecessary risk by not properly familiarising themselves with their new ride before hitting the road.

With March 1st fast approaching, many motorists are looking forward to driving off in their new 10 plate cars, however they should take heed of the advice given and ensure they are properly briefed on the new vehicle before embarking on their first road trip.

Female motor insurance company branches out into travel

sheilas-wheels

 

Sheila’s Wheels, the insurance company which specialises in female car cover, has added another branch of insurance to its growing portfolio. 

The company has launched a travel insurance policy for female customers. The cover offers comprehensive insurance as well as a number of value for money features geared specifically towards women. 

One of the new female-friendly features on the new travel insurance policy from Shelia’s Wheels is the “Handbags on holiday” cover. This means customer’s handbags are covered as standard when a baggage policy is taken out. Plus a customer will not be required to pay an excess charge if their bag is forcibly stolen from them. 

A holiday hotline, which is available 24/7, has been set up for the convenience of travel insurance customers. The designated phone number allows policy holders to call up while abroad if they have any queries, or for customer to call to clear up any questions they have before they travel. 

Another great feature of the female-only travel policy is their “By your side pledge” which means that if a customer is forced to stay in foreign country due to a medical problem, the insurance cover will ensure a companion stays with the policyholder until they are fit enough to travel home. 

As an added bonus, customers who book online are entitled to a 10% discount.

Elderly women more risky to insure than boy racers

old-woman-driver

Insurance rates for women increase after they reach their 50's recent figures have revealed

Recent insurance figures revealed that elderly women are considered a higher risk to insurance companies in comparison to young male drivers.

Typically it is a common conception that young male drivers, often dubbed “boy-racers”, who’ve recently passed their driving test are the riskiest candidates for insurers. However recent figures have clearly shown that the cost of insurance for women soars after she hits a certain age.

In 2004 the cost of motoring insurance for a woman would increase once she reached her 60’s, now however the gap is narrowing and women are noting a huge increase in the cost of insurance from their 50’s in some cases. It’s been claimed that women are involved in less accidents up until their mid 50’s, after which they are more at risk of being involved in an incident of some kind.

The figures showed that the cost of insurance for a female drive in her 40’s stands at £186, however the cost of insuring a woman driver on the exact same car at the age of 85 years of age, is £375.

The poor accident record of elderly women means they can be charged up to 50% more for motoring cover in comparison to younger men.

With the cost of motoring cover for older women rising, it’s becoming more important than ever to shop around for insurance quotes using price comparison sites to ensure they secure the very best price.

Study reveals women are better drivers

Study found that women are involved in less motoring accidents compared to men

Study found that women are involved in less motoring accidents compared to men

A recent study has revealed that women are better drivers than men. The survey took into account over 6 million insurance quotes and found that women are responsible for fewer motoring accidents when compared to men.

The results also highlighted the huge difference in motor insurance rates between male and female motorists. However the disparity is seen most acutely in the insurance prices for younger drivers with an 18-year-old male driver paying on average, £1,081 more than a female driver of the same age for motoring cover.

The study was conducted by insurance price comparison site moneysupermarket.com which also found that the average price male drivers pay for motoring insurance stands at £868 whereas the cost for women is considerably less at £517.

An expert on car insurance from the price comparison website added that not only do women benefit from lower premiums on their cover, these premiums also decrease at a much faster rate than those of men.

The good news doesn’t stop there for female drivers. It was also revealed that women’s car insurance lowers considerably as they get older with women in their 20’s paying an average of £598 a year on motoring cover, and a woman in her 40’s paying £260 per annum.