Why do women take lower motor insurance rates?
Is this true? Are women's car insurance rates lower?
like here:
http://bestquoteus.com/carinsurance/wome…
Answers:
It's completely base on past history. Insurers depend on tons of past information, claim history, etc. Historically, women enjoy been cheaper to insure, hence why they get better rates.
Some states don't allow gender to be segment of the rating process - Massachusetts comes immediately to mind. In that case, even though women live longer and hold less dollars paid out surrounded by auto claims, they pay the same rates as men, for time and car insurance. And even though men don't have pregnancies or c section, they pay the same difficult rate as women for health insurance.
So, why does a factor like femininity make women lower to insure than men? Because the raw notes proves that, for every group of 10,000 men vs. 10,000 women, more dollars are paid out in claims to the men's group.
All of those stupid joke about women drivers, huh?
Well, according to statistics women do make smaller quantity claims for accidents - which means that insurers consider them lower risks to insure.
This is true, even when you nick into account that women may drive less miles. i.e. women still spawn fewer claims per mile driven than men do.
Lower risks to insure mean lower rates.
This can be for assorted reasons. Some people deliberate women are more careful, and less aggressive. Others make a payment that women may choose safer cars, while men are more likely to pick sporty cars. Source(s): http://theinsurancerate.com/auto-insuran…
Yes, because statistically speaking, women are better risks since they bring back into fewer accidents per mile driven.
Related Questions:
like here:
http://bestquoteus.com/carinsurance/wome…
Answers:
It's completely base on past history. Insurers depend on tons of past information, claim history, etc. Historically, women enjoy been cheaper to insure, hence why they get better rates.
Some states don't allow gender to be segment of the rating process - Massachusetts comes immediately to mind. In that case, even though women live longer and hold less dollars paid out surrounded by auto claims, they pay the same rates as men, for time and car insurance. And even though men don't have pregnancies or c section, they pay the same difficult rate as women for health insurance.
So, why does a factor like femininity make women lower to insure than men? Because the raw notes proves that, for every group of 10,000 men vs. 10,000 women, more dollars are paid out in claims to the men's group.
All of those stupid joke about women drivers, huh?
Well, according to statistics women do make smaller quantity claims for accidents - which means that insurers consider them lower risks to insure.
This is true, even when you nick into account that women may drive less miles. i.e. women still spawn fewer claims per mile driven than men do.
Lower risks to insure mean lower rates.
This can be for assorted reasons. Some people deliberate women are more careful, and less aggressive. Others make a payment that women may choose safer cars, while men are more likely to pick sporty cars. Source(s): http://theinsurancerate.com/auto-insuran…
Yes, because statistically speaking, women are better risks since they bring back into fewer accidents per mile driven.
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