why do women have cheaper car insurance

Samuel from Tallahassee, FL asks
Why does my girlfriend pay so much less than me for auto insurance? Our driving records are the same! Our Answer: You may think it s unfair that men pay more for auto insurance than women, but you may be wrong in your belief. The statistical evidence is clear: women, by their very nature, are less of a risk. The rate of moving violations for women is 90% that of men; women are only half as likely to drive under the influence; there are also only half as many women drivers on the road. Another interesting fact is that women tend to drive cars that are less expensive to repair or replace. Furthermore, according to the, accidents involving women drivers are less severe and are associated with lower costs. And this has a significant effect when one goes out to. Is It Testosterone-Fueled? ItБs widely accepted by medical science that testosterone Б the БmaleБ Б hormone Б is part of what drives aggression and risk behaviors. This is nature; although some males have more testosterone than others (and women also have small amounts of it), the fact is that all males are affected by it to some degree.

So, it really does have to do with gender Б but itБs not terribly accurate or fair to say that men are victims of discrimination when it comes to auto insurance price. On the other hand, may change the equation. WeБve posted entries recently about the new technology known asб telemetrics, which uses a device like an airline Бblack boxБ recorder for individual road vehicles. Eventually, this will give most consumers another point with which to compare car insurance rates. This device tracks, records and stores data on an individualБs day-to-day driving habits and practices, informing the insurer as to when and where the vehicle is being driven, under what sort of conditions and whether or not the driver is exercising caution and prudence Б or engages in tailgating, speeding, hard cornering, etc. This technology is not widespread at the moment. About 100,000 drivers, all with two, are using these devices, mainly because their insurers are to do so.

As more and more drivers of both genders begin using this technology however, one of two things is likely to happen: either it will confirm what the actuarial tables have been telling us Б that men reallyб are б Б or we may be surprised that many women can engage in similar risky behaviors behind the wheel (but are just better at not getting caught). While gender-based car insurance may seem biased, the following statistics provided by the Insurance Institute for Highway Safety 71% of all car accident-related deaths in 2012 were males. The number of drivers who died in a fatal car accident was 50% higher for men than women in 2008. Men are much more likely to have been under the influence of alcohol in a fatal crash. In 2012, 38% of fatally injured male drivers had BACs of over 0. 08%, as compared to 20% of fatally injured female drivers. Seat belt use was observed in 88% of female front seat occupants, as compared to 84% of male front seat occupants. In 2012, 23% of male drivers who were involved in fatal accidents were speeding at the time of the accident, while 14% of women involved in fatal crashes were doing the same.

Since risk exposure is a large part of an insurance premium, women can generally expect to pay lower premiums than men. : If you have a poor driving record with a high history of claims, however, you will still present a high risk to your insurerвregardless of your genderвand pay a high car insurance premium. Age can be a significant factor in the difference in insurance rates. In a lifetime, women pay less for car insurance than men do. The major difference, however, stems from the difference in risk between female and male drivers in their youth. The car insurance premium for young women is at its highest when they are between 16 and 24 years old, but for young men they are much higher. While auto insurance companies calculate that women in this age group are more likely to exercise unsafe driving habits and get into accidents than older women, they find that men in this same group are still much more likely to Have accidents.

Cause fatalities in accidents. Commit moving violations. The difference in the risk assessment between men and women in this age group is so big that it account for most of the lifetime difference in insurance costs between men and women. As drivers reach 25 years old, their risk goes down, as insurance companies see them as more mature, settled, and safe on the roads. At this point, rates tend to begin evening out among men and women. However, because men statistically exercise more aggressive or unsafe driving habits, they may still pay a somewhat higher rate than women. If you're a man, you may have to face that you'll probably be paying a higher premium than your female counterpart. However, remember that you can always for the best possible car insurance rates. Also remember that having a clean and driving safely will go a long way toward getting cheap car insurance rates. If you have a great driving history, you'll pay a lower premium than a female driver with a poor driving history.

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