Why Women Pay Less For Car Insurance

By: Elizabeth Ogunleye
Submitted: 2007-01-17 16:17:24
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

Did you know that all factors being equal, a female between the ages of 18 and 25 will pay less for car insurance than her male counterpart?

Insurance companies, probably for fear of upsetting would-be clients do not like to talk about this, but judging from the quotes they mostly give to women, women are considered less of a risk and will therefore generally tend to end up paying less for their auto insurance than men.

Usually car insurance companies scrutinize lots of figures and consider a wide range of different factors before they issue a car insurance quote to a prospect. The statistics that they usually look at very closely are related to their own claims experience.

It would seem from these figures and ultimately based on what they do end up charging, that women are a safer bet than men drivers. Of course it is a well know fact that women are bound to take less risks on the road and even in their driving most of the time. It would seem that based on this and other well known good driving habits that women tend to have, they seem to cause less accidents and therefore tend to make fewer claims on their auto insurance. This hardly comes as a surprise.

According to figures compiled by the Insurance Institute for Highway Safety (IIHS) more men than women die each year in motor vehicle accidents. The figures also show that men mostly drive more miles than women. That would increase the chances of having an accident for men and would therefore imply that these figures do not conclusively prove that women are safer drivers.

However the same statistics also highlight the fact that men are much more likely to engage in risky driving practices than women, including speeding and not using a safety belt.

Still, it is also significant to note that not all car insurance companies consider the gender of the prospect when issuing car insurance quotes. Yet another reason why it is a good idea to shop around widely for quotations before making up your mind on which insurance package to go for.

Learn more about insider details of car insurance and how this information can help you save money at the car insurance secrets site.

Article source: Expert Articles

Most Recent Articles in Insurance category

  • How to Find Proper Healthcare Coverage - By: Jennifer Hrycyk
    There a lot of things a person should consider before enrolling himself or herself in a personal health insurance program or signing his or her family up for a family insurance plan.
  • Trucking Authority - By: Tanner J.D
    Despite the setbacks presented by the skyrocketing prices of diesel and other petroleum products, the trucking industry is still reaping profits. Even if gas rates have pushed past the ceiling, companies and other enterprises still need trucks and rigs to get their merchandises delivered to their destinations.
  • Health care services through your individual health insurance plan - By: Charles Peter
    An individual health insurance cover, simply stated, is an agreement between you and the insurance firm, aimed at protecting you against any financial constraints on account of a medical emergency.
  • Latest Trucking Trends Show Increased Advertising and Technology Use - By: Tanner J.D
    Regardless of whether they operate with their BOC-3s or not, trucks and big rigs that traverse the highways of the United States have always been a staple of the American road.
  • Cheap Car Insurance Quotes - By: Ted Monit
    Finding cheap car insurance is important for many consumers. Even more important is finding cheap car insurance from a reputable company so you know your insurance policy will cover you when you need it.
  • Importance of Interstate Trucking or Transportation - By: Tanner J.D
    Despite the many advances in technology, interstate trucking or transportation is still a preferred choice when it comes to delivering goods nationwide. Practically all U.S. commodities are transported by truck at certain points in the distribution process.
  • Rating the insurance companies - By: David Mayer
    The article looks at the need for people to check out the financial strength of the auto insurance companies before trusting them with your business.
  • Health insurance from the employer's point of view - By: David Mayer
    The article looks at the rise in the cost of insurance to employers and notes that the smaller the number of people who are insured, the higher the premiums will be. Premiums only fall if more healthy people are insured.
  • Why does someone need life settlement? - By: Jacob Christopher
    One of the reasons why people need life settlement is because they may be terminally ill. A person may be having an insurance cover, but he can't recover money from the policy right now.
  • Insurance Companies Want You Dead! - By: Carson Danfield
    Think about all the medical advances that have been made in the last 50 or so years. We've developed new medicines and advanced surgical procedures. We've eliminated or greatly reduced many illnesses and diseases.