We all know that men, at least men under the age of twenty five, pay more for their car insurance policies than women. I found this really funny commercial on YouTube that illustrates the reasons why. Okay, maybe it isn’t because guys are constantly driving their cars over cliffs while trying to be funny, but still, younger males are statistically more likely to get in damaging car accidents than are women, even if there is a stereotype in the media that women are bad drivers. The evidence goes in the other direction. So, car insurance companies put younger men in one risk pool and women in the other, so that one doesn’t have to pay for the high risk of the other group. Great, right?

Some guys may not agree, but more and more companies like the one featured in the commercial are finding it more and more lucrative to offer car insurance policies only to women. This is becoming more widely popular among companies in the United Kingdom, but the U.S. is catching up.

However, being a female is not a free pass to a cheap motor car insurance quote. If you want to get good rates on your car insurance, then you’ll have to behave yourself and keep good habits. It’s easy enough for a woman to lose her rate advantage by speeding and buying the wrong kind of car. So, unless you have a good driving history and buy a car that is friendly to your car insurance policy, then you might as well be getting the same rates as a male would.

Cheers,

Fashun Guadarrama.