Car insurance companies have historically used demographic information on the gender and age of their consumers to establish car insurance premiums for a woman. This practice has resulted in those drivers in higher risk categories, as defined by the industry, to pay more for their car insurance coverage.   It was always concluded that a woman had to pay more for car insurance because men are lower risk drivers. But, this perceived notion may not necessarily be the only cause of more expensive car insurance for females.  Unfortunately though, many believe that this misconception was in fact the deciding factor behind the higher premium car insurance for women.

Understanding Automobile Insurance For Females

The division of categories for car insurance for males and females, are mostly a thing of the past because of recent studies that have indicated female drivers are just as responsible and safe as male drivers.  The common saying that men perform better behind the wheel than females was the basis behind the belief that car insurance for a woman is more costly. In reality that is not the case. A recent study conducted by Carnegie-Mellon University suggests otherwise when it comes to the battle of the sexes on the road. This study revealed that males are 2 times more likely to be involved in a traffic fatality than women.

Are Females Safer Drivers Than Men?

Further evidence from the automobile insurance industry concluded that while 68% of females have no traffic violations, males who have never received a traffic ticket is only 64%. An additional result of the study was the amount of multiple tickets. The question revealed that males have received multiple tickets 10% more often than women.

Since the car insurance companies are aware that females are lower risk, many insurance companies gear specific programs toward car insurance for women. These programs guarantee that females pay a lower premium rate than men. As a result of the special car insurance for women programs, auto insurance companies are making their products more practical and affordable to all their customers.  But to make sure that you obtain the lowest premium rates available, compare car insurance quotes from numerous insurers.

What Gender And Age Group Are The Highest Risk Drivers?

If you believe that car insurance for a woman is higher, you should consider the fact the auto insurance companies are targeting young males as the riskiest of drivers.  Regardless of the popular opinion being car insurance for a woman is more costly, through research and practical studies, the auto insurance industry has determined the riskiest of drivers are the 18-25 year old male population. You can simply find out how your rates compare to other drivers by checking out a free web quote offered by may insurance companies. Comparing quotes will reveal the fact that car insurance for women is actually lower than that same policy for men.

In spite of the fact many may believe men are better drivers than females, the auto insurers writing the policies do not subscribe to this theory. However, gender is only one factor used in arriving at the premium rates charged by an autoinsurance company, since demographics are also an important consideration.

Tagged with: • •

Filed under: Car Insurance

Like this post? Subscribe to my RSS feed and get loads more!