Though gender discriminatory, but a good news for women. Women car drivers have been credited with lesser insurance premiums than their male counterparts for the same amount of the sum insured on their car. The reasons for lesser premium is that statistically women are safer drivers than men – both in terms of number of accidents and in terms of severity of accident. Researches have proved that that women drivers are more conscious while driving the car, they drive it slowly and safely as compared to their male counterparts.
Moreover men average more miles than women and hence are proportionately have higher involvement in accident at all ages. Insurance companies cite women's lower accident involvement in keeping the youth surcharge lower for young women drivers than for their male counterparts but adult rates are generally unisex.
Statistically it has been proved that Women are safer drivers, although they are not involved in lesser accidents but the severity of accidents and the damages caused by the accidents made by women are far less than men and hence insurance company offer lower premium to women drivers.