by Guest » Tue Jul 01, 2008 10:08 am
Hi all! I'm Linda, a 32 yrs old mother of two. I'm recently considering purchasing a car for myself and thus would like to know about the cost of auto insurance policies. Though my husband has a car, but I never thought of driving it of my own. Hence I'm not covered under his plan. My questions are
Should I consider buying a policy of my own? Or shall I ask my husband to include me in his plan?
Is there any special plan available for the female drivers?
As I have never drove before how the insurer will judge my credibility as a driver? And how will they rate me?
Thank you all in advance for all the suggestions….
Linda
Should I consider buying a policy of my own? Or shall I ask my husband to include me in his plan?
Is there any special plan available for the female drivers?
As I have never drove before how the insurer will judge my credibility as a driver? And how will they rate me?
Thank you all in advance for all the suggestions….
Linda
Posted: Tue Jul 01, 2008 10:13 am Post Subject:
Good morning Linda and welcome!
Should I consider buying a policy of my own? Or shall I ask my husband to include me in his plan?
If you buy a car it will have to have it's own policy, however it will cost less if you and husband 'add' this car to his policy...Is there any special plan available for the female drivers?
No, not that I know of...You and husband should be rated on both cars as drivers.As I have never drove before how the insurer will judge my credibility as a driver? And how will they rate me?
Doubt your driving inexperience will come into play..I've never seen an application for insurance ask how long you have been licensed...You age, marital status and driving record will make the difference, and you are in a ''good'' (meaning lower cost) bracket, I think.Thank you all in advance for all the suggestions….
Linda, why don't/haven't you driven your husbands car, and included on his policy?
Posted: Tue Jul 01, 2008 11:04 am Post Subject:
Against the prevailing fact that 'men are better drivers', the women drivers receive special offers from the auto insurance companies, as the insurers consider them as safer drivers than their male counterparts.
The gender of the driver remains an important determinant for deciding the premium rates. The male drivers are likely to face higher premium rates than the female drivers.
Some companies have designed special insurance policies that offer special rates and discounts to the women applicants. In fact, you can save more by adding your husband in your policy, rather than joining his existing insurance.
Posted: Tue Jul 01, 2008 11:14 am Post Subject:
Against the prevailing fact that 'men are better drivers', the women drivers receive special offers from the auto insurance companies, as the insurers consider them as safer drivers than their male counterparts.
It mainly because,
Women are known to file lesser number of claims than the male drivers. Also, the severities of the accidents, involving female drivers, are less than the ones involving male drivers.
Women drive lesser mileages and the premium rate depends directly on the mileage driven by the driver.
They are more careful and responsible as drivers.
All these factors contribute towards the special treatment that the women drivers received from the insurance companies.
-Jeremy
Posted: Tue Jul 01, 2008 11:37 am Post Subject:
Lori, I've never been very confident with the wheels. Its only because of my husband who has forced me now to take the driving license :) According to him I'm being over dependent on him...lol
However, you mean to say that my inexperience as driver will not come into play in deciding the rates???
Posted: Tue Jul 01, 2008 11:47 am Post Subject:
However, you mean to say that my inexperience as driver will not come into play in deciding the rates???
Probably not, (remembering I'm an adjuster not an agent :wink: )...unless when they run your license some thing flags them that you are a new driver, but honestly I doubt it will affect it at all..in fact, as mentioned above you and hubby being on both policys (with the same company that is) should reduce his premium as well.. :)Posted: Tue Jul 01, 2008 10:25 pm Post Subject:
Th OP said:
However, you mean to say that my inexperience as driver will not come into play in deciding the rates???
Several answers to this have been posted, and I would have to say that the experience of the driver will definitely have an impact on rates with most major carriers. One of the standard questions on just about all applications (both hard-copy and online) asks how long a particular driver has actually been licensed. This goes hand-in-hand with the premium rate. I cannot say that all carriers inquire about this, but every single one that I have worked with will want to know.
Secondly, about this notion that female drivers are charged less than male drivers- this is true, but only to a point. YOUNG female drivers will normally pay less than their male counterparts, but that distinction normally disappears when the person hits 25or 30, and more quickly if they are married.
While it's true that females get into less accidents than males, this is directly attributed to the fact that historically women have driven less miles than men, this is becoming more and more less true as time marches on. On a per capita basis, women get into just as many involvements as men. On a pure "numbers" basis, this distinction is rapidly going away as women are getting closer and closer to the same number of miles driven annually.
Comments?
InsTeacher 8)
Posted: Wed Jul 02, 2008 12:30 am Post Subject:
One of the standard questions on just about all applications (both hard-copy and online) asks how long a particular driver has actually been licensed
Now see there I didn't think it did, I just thought it asked age...thanks...for the info...Comments?
I'll give you one...I don't care what the stats say, cause I've been around and raised too many teenagers and handled claims too long..boys seem to go faster, and have 'worse' wrecks...but man (IMO) when it comes to being a careless/reckless driver...those young teen girls are hard to beat! They have to be looking everywhere BUT the road, messin' with hair, makeup, waving at friends... :roll: :lol: :lol: Oh and I almost forgot...THEY KNOW EVERYTHING! :wink: :lol:Posted: Wed Jul 02, 2008 06:18 am Post Subject:
Did someone say that 'women are catching up with the male drives in the number of road wrecks' ?? Well, then you are absolutely right, brother. But, still the insurance companies are under-pricing them quite ridiculously.
Really weird are the ways of the insurance companies
Posted: Wed Jul 02, 2008 07:24 am Post Subject:
Take it or leave it.....but the woman drivers will continue receiving fairer businesses from the auto insurance companies. More and more insurers are introducing policies specially targeting the women drivers.
A specially designed women drivers' auto policy may have special features including in it. It is most often covering the third party losses only, ie., you'll receive coverage only when you cause damages to other's properties. However, in addition to that it protects the car-owner at the event of car theft and fire damages.
Thanks,
Posted: Wed Jul 02, 2008 07:35 am Post Subject:
In addition to the basic coverage in competitive rates some insurers also offer added benefits to lure the women drivers.
The woman car insurance policy may have the features of - breakage coverage, 24x7 accident helpline or road assistance helpline and even 24 hrs. windscreen helpline as the added benefits to their auto policy.
However, Linda, pls devote sometime in comparison shopping before signing the policy documents. Most of the insurers are now offering their quotes online for the consumers, hence, you can shop around while sitting at home.
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