Car insurance for women

Yes, it’s cheaper.

In Australia, car insurance is generally cheaper for women. Women are statistically safer drivers, and can get lower premiums than more dangerous or inexperienced drivers. There are a range of factors that affect price, and gender is just one of them. However, it’s still easy for men and women alike to end up paying too much for car insurance.

Woman Driving

Name Product Name Agreed or Market Value New Car Replacement Pay Monthly At No Extra Cost Choice Of Repairer Roadside Assistance Hire Car After Theft
Market
Optional - If your car is written off in the first 3 years
No
No
No
Optional - Up to $50 a day until your claim is settled
Save 24% on your policy if you've been claim free for 3 years.
Agreed
Yes - If your car is written off in the first 2 years or is under 40,000 km
No
Yes
Optional
Yes - Up to $1,000 (Max 14 days)
Buy online and save 15%.
Agreed
Yes - If your car is written off or stolen in the first 2 years
No
Yes
Yes
Yes - Reasonable costs (Max 14 days)
Emergency roadside assistance included in Comprehensive policies.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
Optional
Yes - Up to $70 per day (Max 14 days)
Save up to 10% when you buy online.
Agreed
Yes - If your car is written off in the first 2 years or is under 40,000 km
No
Yes
Optional
Yes - Up to $1,000 (Max 14 days)
Save 15% when purchasing online. Eligible customers can earn 5,000 Velocity Frequent Flyer Points when purchasing a new policy by 31 Dec 2018. Excludes NT. T&CS apply.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
No
Yes - Up to $70 per day (Max 14 days)
Transforms your driving so it's 100% carbon neutral.
Agreed
Yes - If your car is written off in the first 2 years
Yes
Yes
No
Yes - Up to $100 per day (Max 30 days)
Buy online and save up to 10% on your policy.
Agreed
Yes - If your car is written off in the first year or is under 20,000 km
No
No
Optional
Optional - Up to $60 per day (Max 14 days)
Save up to 20% on car insurance when you purchase cover online.

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Why is women’s car insurance cheaper?

Women are statistically safer drivers, and a lower risk for insurers than male drivers. Some of the specific differences are:

  • Women may be less likely to drink and drive.
  • Women are generally more cautious drivers and take fewer risks behind the wheel.
  • Women tend to have fewer traffic violations than men and a cleaner driving history.

Not only are women less likely to be involved in accidents, but any damage incurred is typically less severe. On the other hand, women may be statistically more likely than men to apply makeup or deal with children while driving.

Should I go with a specialty women’s insurer?

Not necessarily. These insurers are generally equivalent to any other. Depending on which specialty women’s insurer you’re considering, what it offers could be nothing more than a clever advertising gimmick.

Until what age do women typically get cheaper insurance?

The savings women experience are generally life-long, but can vary depending on your age. Typically, it’s more expensive for new drivers and for women under 25. Older, more experienced drivers tend to enjoy lower rates.

What insurers offer women-specific policies in Australia?

None. An insurer can’t offer women-only policies, as that would be considered gender discrimination. There are some insurers that brand themselves as being specifically for women, but they also insure men. There is no functional difference between the cover they can offer men and women, other than the price. This is the same difference that you’ll find with almost any insurer.

Do younger women pay more for car insurance?

Younger people of any gender pay more for car insurance because they’re generally less experienced at driving. However, this is also modified by gender. For example, men under 25 in particular are bigger risk-takers than women under 25, so the cost difference between men and women is especially large in this age group.

What else affects the cost of car insurance?

There are a range of factors that affect your premiums. Gender is just one of them. Other factors include:

  • Your driving experience. Even if you’re over 25, a new driver will pay higher premiums.
  • Your claims history. If you’ve made a claim in the past, insurers could consider you a higher risk and charge you more for cover.
  • Your driving record. A long line of traffic infringements or a spotty driving history can lead to higher premiums.

Naturally, the type of cover you choose will also affect your premiums. Comprehensive car insurance will cost more than basic cover, and different companies might quote you different prices.

The car you drive

The type of car you drive will also impact your premiums. An expensive car can cost more to repair or replace, but there are other factors to consider:

  • How much does it actually cost to repair? One insurer might have an exceptional nation-wide Toyota repair network, while another brand might work more closely with Hyundai. It’s possible that your car’s brand might affect the premiums you pay in a way that’s not immediately obvious.
  • How powerful is it? A more powerful car is associated with riskier driving behaviours. If you’re a male driver under 25, owning a powerful car could make your premiums skyrocket. It’s possible that women and older drivers won’t have to pay as much as younger men to drive equally powerful cars.
  • How safe and secure is it? Safer cars and models with anti-theft systems can reduce the odds of the insurer having to pay out for theft, and therefore may net you lower premiums.
  • How popular is it? This factor could both help or hinder you in terms of your premiums. For example, a desirable make and model could be a popular target for theft, resulting in higher premiums. However, the same vehicle could also be considered more common and cheaper to repair, reducing your premiums.

Steps to find the right car insurance for women

Both men and women have access to the exact same car insurance providers, advertising gimmicks notwithstanding. This means that the steps to finding the right cover are the same for any gender. It’s always important for any driver to:

  • Know what you want. There are a range of different cover types, so make sure you’re aware of the kind of protection each type can offer you.
  • Compare the cover. Look at the differences between the types of policies you want and make sure you know exactly what you’re getting. Rule out the ones that are incompatible for you and add the suitable options to your shortlist. For example, you might decide ahead of time that you want a pay-as-you-drive car insurance policy, which will naturally limit your options, but make the selection process easier.
  • Get quotes and add discounts. Get quotes to see what kind of price each insurer in your shortlist is willing to offer you and make sure you’re factoring in as many discounts and deals as applicable.

Picture: Shutterstock


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Andrew Munro

Andrew writes for finder.com, comparing products, writing guides and looking for new ways to help people make smart decisions. He's a fan of insurance, business news and cryptocurrency.

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