Insurance companies have historically used demographic data on the gender and age of their consumers to determine insurance rates. This practice has resulted in those in higher risk categories, as defined by the industry, to pay more for their insurance coverage. It was always believed that women had to pay more for insurance because men are better drivers. However, this perception may not necessarily be the cause of more expensive car insurance for women.
This misconception is largely a fabled part 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. Actually a recent Carnegie-Mellon investigation revealed quite a different result concerning the controversy of men vs. women drivers. This study concluded that men are two times more likely to be involved in a traffic fatality than women.
While in another independent study, almost 65% of men had no traffic citations, while the figure for women was almost 70%. 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.
There are car insurance companies that have special programs catering specifically to car insurance for women. These programs guarantee that women pay a lower rate than men. By setting up special programs, these companies are becoming more viable in providing car insurance for women.
If you believe that car insurance for women is higher, you should consider the fact the insurance companies target young men as the riskiest of drivers. 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.
Even though a widespread viewpoint is that men are better drivers, the insurance companies do not tend to follow this flawed logic. Nevertheless, the insurance industry combines many factors into deciding a premium for each customer, and gender is not the only factor.