Male Auto Insurance Vs. Female Auto Insurance
The battle rages on: who drives better--men or women? For car insurance companies, the answer is simple: women drive better. Therefore, the same policy for the same vehicle tends to be less expensive for women.
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Risk Taking
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Young men, specifically those between 20 and 24 years old, take more risks behind the wheel and pay the ultimate price. Seventy-one percent of all car crash fatalities in 2008 were males, according to the Insurance Institute for Highway Safety.
Traffic Violations
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Risky driving leads to more traffic tickets, and men lead here too. The website Insurance.com looked at 7 million drivers in its database and discovered 33 percent of male drivers reported one or more traffic violations, while only 31 percent of females reported the same.
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Dangerous Habits
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Women can have dangerous driving habits, but men do more often, according to Insurance Institute for Highway Safety statistics. In 2008, at every age level, more men than women tested for blood-alcohol content levels at or above the legal limit of 0.08 percent.
Statistics Use
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Car insurance companies determine how much you will pay for auto insurance by evaluating everything from the kind of car you drive to where you live, your marital status and even your credit score. Driving statistics based on gender are the main reason men pay more than women for car insurance.
Changes
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Soon gender may play a much smaller role in how car insurance rates are determined. Recent research by Allstate shows that teen girls are more likely to be distracted while driving and have increased their likelihood to speed, while teen boys are slowing down and driving less aggressively.
Time
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The price gap between genders narrows as men and women get older, mostly because length of driving plays a role in setting policy price and experienced drivers pay less. For now, young men remain the most expensive drivers to insure.
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References
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- Photo Credit driving 4 image by Andrzej Borowicz from Fotolia.com
