Women's Car Insurance - Do They Offer a Good Deal?
 | Are women’s car insurance policies good value? |
According to the Home Office, over the past five years male drivers have accounted for:
- 97 per cent of all dangerous driving conviction
- 94 per cent of all motor accidents involving death or bodily harm
- 89 per cent of all drink and drug driving convictions
- 83 per cent of all speeding convictions
- 85 per cent of all careless driving convictions
Women are considered a good insurance risk; women drivers are less likely to have accidents, and those incidents that do happen tend to be less serious, therefore resulting in a smaller claim.
So are car insurance companies such as Sheilas' Wheels and Diamond, who target women through female-friendly advertising campaigns, offering women a competitive insurance policy?
A quote search on moneysupermarket.com for a woman living in EH12 driving 10,000 miles per year with 4 years no claim bonus and a £250 excess to insure a 2002 Vauxhall Zafira resulted in the following quotes:
Insurance Company | Third Party Fire and Theft | Insurance Company | Fully Comprehensive |
More Than | £150.46 | Shelia’s wheels | £184.80 |
Kwik Fit | £156.24 | Kwik Fit | £199.60 |
I buy eco | £185.34 | More Than | £218.37 |
Halifax | £190.49 | halifax | £210.04 |
Shelia’s Wheels | Only comprehensive insurance | I buy eco | £231.09 |
Diamond | £206.30 | Diamond | £245.15 |
Budget | £213.08 | Budget | £253.21 |
Ladybird | £250.00 | Ladybird | No quote |
- The pink quotes are the results from car insurance policies targeted at women, It shows that in certain circumstances they do offer good value for women drivers,
- Shelia’s wheels offered the cheapest fully comprehensive insurance quote, however
- Diamond was not in the least bit competitive.
- The above table shows how important it is to shop around for your car insurance policy.
The insurance policies aimed at women may offer added extras such as handbag cover, female-friendly repairers, a 24-hour confidential counselling line, mobile phone locator, priority roadside assistance or child car seat replacement following an accident.
But female drivers need also to ask themselves if the added extras are worth the extra on your insurance premium.
There is some good news though, we do get cheaper car insurance than men, not by much but it is there.
Insurance Company | Woman’s Fully Comprehensive | Mans’ Fully Comprehensive | Woman’s insurance saving |
Shelia’s wheels | £184.80 | £222.23 | £37.43 |
Kwik Fit | £199.60 | £205.40 | £5.80 |
More Than | £218.37 | £221.50 | £3.13 |
halifax | £210.04 | £218.75 | £8.71 |
I buy eco | £231.09 | £263.46 | £32.37 |
Diamond | £245.15 | No quote | No quote |
Budget | £253.21 | £295.23 | £42.02 |
Ladybird | No quote | No quote | No quote |
The most important thing for any motorist – whether male or female – is to shop around at renewal for their car insurance and not only look for a good price but also a quality product. Motorists who are prepared to shop around for the best deal each year will always come out on top, whatever their sex.
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