A persons age and gender along with certain other factors, is what the insurance industry uses to determine the premium for insurance. 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.
A Common Car Insurance Misconception
The division of classes for car insurance for a woman and a man, are mostly a thing of the past especially since the insurance industry is well-informed and more competitive regarding the differences in women and men drivers, showing women are, in most cases, just as safe as their male counterparts.
The clich© that women are not as good drivers as men has led some people to believe that car insurance for women is more expensive. The physical evidence provided through a study by Carnegie-Mellon proved otherwise in the debate of which gender is the better driver. This study concluded that men are two times more likely to be involved in a traffic fatality than women.
Differences Between Male and Female Drivers
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.
There are car insurance companies that have special programs catering specifically to car insurance for women and they will generally find the best automobile insurance quotes at these companies. This increases the opportunity that women will pay a lower premium than men. By setting up special programs, these companies are becoming more viable in providing car insurance for women.
Automobile Insurance Rates For Women
Regardless of the popular opinion being car insurance for women is more costly, through research and practical studies, the insurance industry has determined the riskiest of drivers are the 18-25 year old male population. Insurance websites offer a free easy online quote to allow consumers to compare their rates against other drivers. When you compare auto insurance quotes they usually show the real difference in premiums and lay to rest the myth that car insurance for women is higher.
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. However, gender is only one factor used in arriving at the premium charged by an insurance company, since demographics are also an important consideration.
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