Is Automobile Insurance Less Expensive For Women Than For Men?

March 28th, 2010 Posted in Ski Holiday Insurance

Historically, the insurance industry has used certain data from customer’s gender and age to decide the premiums to charge. In some cass, using this data places a burden on certain drivers to pay more for insurance than others. At one time the belief that men are better at driving than women, may have been the motivating factor behind higher premium car insurance for women.Click over here for more information relating to business car insurance.

The division of classes for car insurance for women and men, are mostly a thing of the past since insurance providers are now more competitive and more informed to the fact that women are equally, and in some case more responsible than men when it comes to driving.

The clich that women are not as good drivers as men has led some people to believe that car insurance for women is more expensive. The physical evidence provided through a study by Carnegie-Mellon proved otherwise in the debate of which gender is the better driver. The study showed that men were twice as likely to die in a traffic accident than women were.

A deeper look at the figures from another study revealed that while nearly 70% of women have never had a traffic violation, the figure for men was slightly less than 65%. Men also are more likely to have multiple citations than women, as a further question revealed that of those who do have citations, women had 10% less violations than men.You should find more information relating to car insurance estimates here.

Since the insurance companies are aware that women are lower risk, many insurance companies gear specific programs toward car insurance for women. This increases the opportunity that women will pay a lower premium than men. By setting up special programs, these companies are becoming more viable in providing car insurance for women.

The misconception that car insurance for women is more expensive has been debunked, as the industry has discovered that young men are actually the highest risk group. Finding out how you fare in comparison to other types of drivers is easy by getting a free online quote from any insurance provider. A comparative quote will show the real difference in premiums and lay to rest the myth that car insurance for women is higher.

In spite of the fact many may believe men are better drivers than women, the insurers writing the policies do not subscribe to this theory. However, gender is only one factor used in arriving at the premium charged by an insurance company, since demographics are also an important consideration. However, if you are a woman it is to your advantage that premiums are, usually, smaller than a similar male with corresponding driving practices.