Statistical figures and other findings conclusively favor them. It is hard to argue that there should be equality when one side is clearly more perilous. The difference between auto insurance premiums charged to men and women prove this point conclusively. Probably the point to look at is fairness, as most people would accept what is fair.
The arguments over which gender is better at driving are never going to end. You can look at it from various angles and come up with own conclusion. However, actuaries have studied the subject extensively, concluded checks and made their minds long before. The evidence is conclusive as shared below and one sided.
On average female drivers get 13% lower car insurance rates in comparison to males because they are less likely to speed up and get behind the steering wheel drunk. Ladies don’t have to look for specialists to get cheaper prices. Most of them incorporate gender in calculations and therefore offer better rates automatically. You just need to get a few quotes as usual and choose the best one.
Underwriters look at the amount of claims they receive and the sum of money they pay for them. These figures are quantifiable and applicable to premium calculations. Companies can use gender as a factor when they are setting rates in the United States of America yet. So, it is fair to say that it does affect how much you will be charged for an auto policy.
Why Gender Matters in Vehicle Insurance Quotes?
Various studies have been showing that companies favor one to another and usually they are known for being shrewd with measuring exposure and determining prices and never sentimental. For example, California figures show that for the same coverage a male driver pays about 13% higher automobile insurance premiums than a female one, even though the records and other backgrounds are identical. They must know a few things about the subject to differentiate them.
There have been many studies into the accident figures and in most cases female motorists prove to be less dangerous on the roads. This is the case in terms of number of accidents caused and the amount of damages paid at the end. For example, the National Highway Traffic Safety Administration (NHTSA) 2008 Motor Vehicle Crash Causation Survey shows that 54% of drivers involved in accidents are male.
There are even more significant surveys than that as to how dangerous the later are compared to the former. Fatal crashes surveys are one of these evidences against men behind the steering wheel as they cause nearly 90% of deadly accidents. This is clear evidence that vehicle collisions caused by women are not usually deadly. It is safe to assume that carriers end up paying a lot of money for claims after fatal collisions.
They may cause nearly as many crashes but the overall physical damages and injuries are not scary in comparison. From these findings it can be assumed that ladies do not speed up as much, they are less likely to drive when they are drunk and they are more careful overall. Similar findings are constantly in use by auto insurers. They look at them over and over to find a way to make their business profitable. As a result, there need to be different charge sheets between sexes.
It is true that men travel a lot longer distances and they operate most commercial vehicles, especially lengthy ones. That is why they are more likely to get into accidents. Nonetheless, this does not explain why most of the deadly crashes caused by them. They learn and follow the same rules and the only thing that distinctively different is perhaps testosterone.
There is no need to be upset about ladies getting cheaper car insurance. Actually, you can be smart about it and save money. It may be more economical to have a family car on the wife’s name to get the best value. She can be the policyholder and he is the named driver.
In addition, they appear to find lower quotes without the need to go to a company that is advertising to be specialist because most of them are competitive in this segment of the market. They are highly preferred due to the facts discussed above in detail. Carriers base rates on various telling factors. If the risks of insuring certain group of people are low the premiums will be cheaper for them. This is a pretty straightforward underwriting principle.