Ladies Car Insurance

By: EconomyWatch   Date: 26 May 2010

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There has been a considerable rise in the ladies car insurance market due to the increase in the number of women drivers and their relatively lower claims. Women’s car insurance policies are designed specifically for lady drivers. Along with the traditional coverage that provides financial protection for all cars, such policies include features like handbag insurance, which cover the policyholder's handbag and its content if stolen while driving the insured vehicle. The special services in this policy include ladies breakdown recovery, wherein the insurance company not only compensates for the breakdown but takes responsibility to locate the car and send help at the required destination. A 24-hour emergency helpline is another added advantage. Women’s car insurance often gives cover for overnight accommodation if the car breaks down in a secluded region.

Advantages of Buying Ladies Car Insurance

  • Car insurance for female drivers is substantially low priced and has a much lower premium than that for male drivers, since it has been observed that male drivers commit a higher proportion of road offences, which result in more claims by them than by women.
  • Women drivers have the option of insuring their partner along with themselves in their policy through the ‘Insured and Partner’ policy, which insures both partners, thereby leading to substantial savings.
  • Insurance companies selling ladies car insurance usually offer medical and legal support to their customers after the occurrence of an accident involving the insured vehicle.

What is the Strategy Behind Ladies Car Insurance?

Various market surveys have hinted that a woman has lower chances of making higher claims. The number of claims by both sexes might be in coherence but ladies have been observed to make smaller claims as the damage caused by them is generally less than that by male drivers. This is the reason for the premiums being much low for women’s car insurance.

However, the premium amount can be increased by the insurance company if the number of claims exceeds a certain limit. For the insurance companies, it is a profitable deal because although the premiums are low, the claims are also of lesser amounts. If the company is able to sell a substantial number of ladies car insurance policies, a respectable profit can be made.


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