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December 11, 2012

Is Car Insurance Cheaper for Married Women?

The long-term trend of more female drivers on the road means that for a number of years there has been debate about whether auto insurance is cheaper for women than for men. Now, with ladies staying single for longer, the debate has expanded to include the question of whether this type of insurance costs less for those women who are married. In truth, there is no particular reason why monthly premiums should be lower just because you’re married. However, in deciding whether to categorize a potential customer as high or low risk, insurance companies specializing in Missouri SR22 Insurance will make statistical inferences based on both the gender and marital status of the driver.

Are Married Women Seen as High or Low Risk?

According to the National Highway Traffic Safety Administration (NHTSA), men are more likely to engage in several types of distracted driving behavior than women. This is just one reason why females are involved in less road traffic accidents than males and therefore find it easier to be categorized as low risk by insurance providers. As married women are, on average, older than their single counterparts and therefore generally perceived as more responsible, they stand a particularly good chance of coming out of their insurer’s risk selection process with a good deal.

Does it Matter Whether You Have Children?

A married woman with children may find that her individual policy has a higher premium than her husband’s. This is due to the fact that research by the NHTSA has found that women are more likely to engage in the distracted driving behavior of interacting with kids in the back seat than men. However, married women with children are still likelier to get cheap insurance than single mothers, as women without a partner to share child care duties with will probably have their kids in the back of the car more regularly and for longer periods of time.

How Can You Save Money on a Family Policy?

Even if a married woman is included on a family policy rather than having her own separate policy, it’s still possible to save money. Insurers are less likely to penalize females for driving high-risk vehicles than males. It’s therefore a good idea to assign the wife the more expensive car on a multi-car policy. With the husband assigned to the lower risk car, the family will get better value for money from the policy.

Regardless of how long you’ve been married, how many children you have and whether you want an individual or family policy, we can help you understand all the options available to you as a married woman. Simply give us a call to start exploring the possibilities.

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