Historically, the insurance industry has used certain data from customer’s gender and age to decide the premiums to charge. This practice has resulted in those in higher risk categories, as defined by the industry, to pay more for their inusrance coverage. A common misconception held that men were better drivers than women resulting in higher premium car insurance for women.Click over here for additional info relating to buy car insurance.
The division of classes for car insurance for women and men, are mostly a thing of the past because of recent studies that have shown women drivers are just as responsible and safe as men drivers.
The old adage that men are better drivers than women has made many to believe that car insurance for women is higher. The physical evidence provided through a study by Carnegie-Mellon proved otherwise in the debate of which gender is the better driver. A result of the data was that a man has a 50% greater chance than a woman to be involved in a fatal accident.
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 will obtain complimentaryvaluable info relating to discount car insurance here.
Since the insurance companies are aware that women are lower risk, many insurance companies gear specific programs toward car insurance for women. These programs guarantee that women pay a lower rate than men. These insurance companies have set up special individual companies to provide and underwrite car insurance for women only.
Regardless of the popular opinion being car insurance for women is more costly, through research and practical studies, the 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 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, lower than a corresponding male with similar driving practices.