Are Female Driver Car Insurance Policies Cheaper Than Males
Reader’s Question:
Is it true that female driver car insurance policies are cheaper than those for men?
Bill
Houston Texas
Bill, and all of the other people who might come across this article, you have to know that prices of car insurance policies may vary depending on a lot of different reasons. A number of these factors are: occupation of the policy holder, his or her credit history, driving record, other insurance policies that he or she may already have, the coverage of the policy he or she is applying for, and personal profile, which, of course, includes the gender. What is the reason behind this?
Remember that car insurance companies are still business establishments investing their money on the policy holders. If a policy holder is most likely to make claims frequently, naturally the price of his or her policy would rise.
In the case of female driver car insurance policies, it may initially sound unfair to base one’s car insurance rate on his or her gender. But you may be surprised to know that statistics show that male drivers are higher risk drivers compared to the female drivers. Every year, there are more male drivers that get themselves involved in vehicular accidents than female drivers. I do not know the reason behind this (it must be the testosterone or maybe there are more male drivers than female drivers), but the fact remains that car insurance companies give cheaper female driver car insurance rates.
So, this added to other discounts available would greatly affect female driver car insurance rates. But, of course, it is needless to say that a male driver with a spic and span driving record would definitely get a lower rate than a female driver involved in lots of vehicular accidents and traffic violations.