You are Here > Home > Financial Sense Home > Video: Car and handbag insurance for women

Video: Car and handbag insurance for women

Aug 18, 2020

I always maintain that actuaries never lie, and women on average pay less for car insurance than men, so is it true that women are better drivers?

In light of Women’s Month, I am speaking to Christelle Colman of Elite Wealth Assets Insurance to explain why women pay less for car insurance and why we should possibly be using those savings to insure our handbags.

Watch the video to get answers to the following:

  • When you look at car insurance quotes, it’s amazing how much lower the quotes are for women than for men, especially younger men. Are women generally considered less of a risk?
  • I’ve been told that I should consider handbag insurance, but I’ve always thought that was a bit of a sales gimmick unless you have invested in a Prada bag. Then recently I looked in detail at the contents of my handbag and was amazed at the value of the things I happily walk around with all day. What do we need to keep in mind when it comes to handbag insurance?

This is a good reminder to go check your insurance policies to find out exactly what you are covered for.

Remember, when shopping around for quotes, make sure you read the fine print and always ask: “What am I not covered for.”

Read more on insurance here.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Maya Fisher-French author of Money Questions Answered

Previous Articles

Options if medical schemes are unaffordable

Medical schemes remain unaffordable for many working South Africans. According to Gary Allen, chief executive at Sanlam Health, an individual should not be spending more than 10% of their income on health cover. Considering that a basic hospital plan can set you back...

Video: Get financially fit for your next holiday

After living in lockdown for over 18 months, many of us just want to go on holiday. Like any major expense, if you plan for it, it doesn’t have to break the bank. Many tourist destinations and establishments are offering great specials, making it more affordable for...

What to do if you cannot afford your car payments

As lockdown drags on and job cuts continue, more and more people are facing financial difficulty when it comes to paying off debt. Many people have asked for advice about what they should do if they cannot afford their car payments. The bottom line is that you must...

Video: Plan for retirement

Retirement is something we can plan for ‒ and the better our planning, the more we get to enjoy our retirement years. In this video, I am joined by Guy Chennells, Head of Product at Discovery Employee Benefits, who will give us some tips around what you need to be...

Video: Five things that derail your wealth

The difference between someone who is financially secure and someone who is not, often has more to do with avoiding wealth destruction traps than earning a bigger salary or having a windfall. If you want to be financially free, you need to avoid these...

Video: Become a farmer without a farm

As a smart person once said, diversification is the only free lunch. And if the current coronavirus crisis has taught us anything, it is to make sure our investments are diversified. The idea behind diversification is that it spreads our risk. When it comes to...

Listen: Advance payments on your car finance

We did this podcast a year ago, about paying off your vehicle and home loan sooner – but I thought it was worth sharing again, as Absa has now released updates on its banking app for car finance. Absa car finance customers can use the app to pay in additional funds to...

Tips for filing a successful insurance claim

Filing an insurance claim can feel like a complicated and confusing undertaking. Karabo Kopeka, Head of Claims at MiWay Insurance, provides tips on how to avoid some common pitfalls. Claiming from your insurance can often be a challenging task, especially following a...

Video: Five ways to trick yourself into saving

Behavioural scientists have found that we feel loss far more greatly than gain, which is why the idea of cutting back on our lifestyle makes us very unhappy. We feel the sacrifice immediately but only reap the benefits in the future. While it may be a tough ask to...

Video: Home loan tips

Buying a home is a major financial commitment. While the rate of interest on a home loan is lower than for other forms of credit, the length of time it takes to pay off the loan means you end up paying a hefty interest bill. By reducing your interest rate, you can...

Pin It on Pinterest

Share This