Do women pay less for car insurance?

logo

Why Women Pay Less for Auto Insurance

On average, women pay less for car insurance. Fact or Fiction? It might sound like a myth, but there are statistics to back it up. First of all, women tend to drive less than men. Less time on the road means less risk. In addition, statistics about car accidents and driving under the influence show that men are more of a liability. Insurance companies operate on the basis of calculating risk and have determined that women are a safer bet.

Risk-Taking Behavior of the Male Gender

According to the National Association of Insurance Commissioners, females are less likely to get into a collision. Men also wear seatbelts less often, which means that the injuries they sustain are often greater. Thus, their auto insurance claims are usually higher.

The National Highway Traffic Safety Administration declares that speeding is often more likely to be a contributing factor for men in fatal accidents than for women. Men are known to the riskier of the two genders. This can lead them to receive more citations and cause more accidents.

In addition to these factors, according to the FBI, over 500,000 men were arrested for DUIs in 2013 versus only about 175,000 females. As an indirect effect on cost, men might also tend to choose cars that are more expensive to insure.

So, What’s the Difference?

On average, females collectively pay less than men for auto insurance during their lives. Women pay the most when they are young, from ages 16 to 24. Youth is a contributing factor to high auto insurance premiums so men face very high costs at this age. Women are able to secure lower rates from ages 25 to 65. The difference boils down to about 12% less. In terms of dollars, this can mean a $15,000 difference over a lifetime.

The Takeaway

Of course, despite these trends, an individual’s personal driving record makes the most impact on auto insurance rates. So, men who are safe drivers need not be discouraged. And, females who have a clean driving record can reap an extra benefit. Hopefully, this will help to explain some of the difference when men and women get auto insurance quotes. So, keep this in mind when shopping around.

Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

2 Comments

  1. Tennis blog on January 13, 2019 at 2:28 pm

    You ought to be a part of a contest for one of the highest
    quality blogs on the net. I am going to recommend this web site!

  2. Adeline Ballon on April 11, 2019 at 4:27 am

    Well I really liked reading it. This post procured by you is very practical for accurate planning.

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECENT POSTS

Kobe Bryant’s Tragic Loss Reminds Us of the Fragility of Life

January 27, 2020

Kobe Bryant’s passing is a terrible tragedy. It’s easy to forget how fragile life is. Unfortunately, we can get caught up in the hustle and bustle. It is not uncommon…

Read More

Home Insurance Premiums: Democratic Candidates Talk Effects of Climate Change

February 11, 2020

Climate Change is a term that hit the scene in 2006 with the release of Al Gore’s “An Inconvenient Truth”. Since then, the topic has been the subject of heated…

Read More

Home Insurance: Climate Change a “Hot” Topic at Final 2019 Debate

January 14, 2020

Climate Change is one of those buzz phrases that we hear all the time. The conversation has been happening for years, but it has been hard to get people on…

Read More

Guide to Open Enrollment: Making Sure You Are Insured for Next Year

December 3, 2019

‘Tis the season! That doesn’t just apply to the holidays, but also to health insurance. You have probably heard the phrase “open enrollment” tossed around either on the news or…

Read More

Life Insurance Needs Assessment: Top 5 Reasons You Need Life Insurance

November 24, 2019

We are all guilty of procrastinating every now and then. Especially when it comes to the somewhat morbid topic of life insurance. We all know that our death is an…

Read More

Health Risks and Insurance Costs of Vaping: Is It Really “Cool to Vape”?

November 14, 2019

For decades, smoking has been advertised as cool, sexy, and trendy. With the invention of the e-cigarette, tobacco companies did not stray from their tried and true marketing strategy. Plus,…

Read More

Evaporated into Thin Air: Unseen Effects of Vaping on Health Insurance

October 31, 2019

Among many of the world’s new inventions, e-cigarettes have become a new craze. A recent article from Reuters reported that roughly 1 in 20 Americans are currently vaping or using…

Read More

Save on Car Insurance: Top 5 Ways to Secure a Cost-Effective Auto Policy

October 17, 2019

We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…

Read More