Why Are Guys Charged More for Auto Insurance?

Males typically pay more for car insurance than females.

Despite the stereotype of bad female drivers, males typically pay higher insurance premiums than females. The main reason for this is that men tend to be involved in serious auto accidents more frequently than women.

Mortality Risk

According to Insurance.com, the Insurance Institute for Highway Safety indicates that in 2007, 14,512 male drivers died in traffic accidents in the United States. By comparison, 5,865 female drivers were killed that same year.

Ramifications

More accidents mean more property damage and injury claims that an insurance company must pay. Insurance companies become profitable by keeping risk to a minimum. Therefore, the greater the risk, the higher the premium an insurance company will charge.

Considerations

Males, as well as females, can take proactive measures to reduce their auto insurance premiums. Some companies provide a discount to drivers who take a safe driving course. Another option is to avoid accidents that can cause insurance increases by simply driving more safely.

References

• Insurance.com: Are Men Better Drivers Than Women?