Are The Premiums Higher On Car Insurance For Women
Post date: February 28th, 2009 |
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Insurance companies have historically used demographic data on the gender and age of their consumers to determine insurance rates. This practice has resulted in those in higher risk categories, as defined by the industry, to pay more for their inusrance coverage. A common misconception held that men were better drivers than women resulting in higher premium car insurance for women.
That erroneous delusion no longer holds true in our present society because of recent studies that have shown women drivers are just as responsible and safe as men drivers.
The cliché that women are not as good drivers as men has led some people to believe that car insurance for women is more expensive. Actually a recent Carnegie-Mellon investigation revealed quite a different result concerning the controversy of men vs. women drivers. The study showed that men were twice as likely to die in a traffic accident than women were.
While in another independent study, almost 65% of men had no traffic citations, while the figure for women was almost 70%. An additional result of the study was the amount of multiple violations. The question revealed that men have received multiple citations 10% more often than women.
Since the insurance companies are aware that women are lower risk, many insurance companies gear specific programs toward car insurance for women. This eliminates the possibility that a woman will pay a higher rate than a man will simply because of her gender. As a result of the special car insurance for women programs, Insurance companies are making their products more practical and affordable all their customers.
If you believe that car insurance for women is higher, you should consider the fact the insurance companies target young men as the riskiest of drivers. Insurance websites offer a free easy online quote to allow consumers to compare their rates against other drivers. You will find that car insurance for women is in most cases less than the same class for men.
Although the general perception may be that women are worse drivers than men are, the insurance companies that underwrite car insurance for women do not necessarily reflect this. Although insurance providers use demographics and gender as a consideration, the mere fact that one is a man or woman is only one factor in determining the amount of that person’s premium.
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