Why Is Auto Insurance For Women Less Pricey ?
According to insurance statistics, women pay much less for an auto insurance than most men. What determines the amount? Some of the factors that are considered in the computation of the cost of insurance are the driving history, age, traffic in which they drive and so on. However, if a man and a woman live in the same city and go to the same insurance company to buy auto insurance, most likely it is the woman who receives a lower price.
Why this difference in cost of <a href=”http://autoinsurancespecialistsinc.com”>auto insurance</a>? Statistics reveal that a male driver is more aggressive and prone to taking risks than a woman driver. In fact that is why men receive more tickets than women drivers do. Again, women use more security measures in their cars than their male counterparts. Hence, insurance firms have higher prices for male drivers than women, because the former are at a higher risk of having a road accident.
Although men have more accidents that happen due to high speed and traffic rule violations these factors have been slowly rising among female drivers in recent times. In fact the figure of mortal collisions involving female drivers is also increasing. But this can be explained by the fact that women are covering more distance than men drivers.
Let’s take a look at the insurance numbers to get a better idea. There are more men drivers than the number of women drivers. Men are responsible for at least twice more fatal accidents than women. Men are much more likely to drive with an expired license than women. Women use proper protection like seat belts more often than male drivers. Many men who don’t even hold a license get involved in mortal accidents than women without licenses.
So, over the years women have proven themselves to be far less risk prone drivers than men and are less likely to cost the insurance companies. This is the reason why many insurance firms are keen to offer special discounts on <a href=”http://autoinsurancespecialistsinc.com”>auto insurance</a> to women in an attempt to increase their profitability. However, despite all the numbers, is it fair that the fees are higher for men? How can this price discrimination be addressed? The best way men can get cost cuts on their auto insurance like women is to drive responsibly, use safety measures while driving and maintain a clean driving record. The lesser the number of accidents the lower the cost of auto insurance is likely to be.
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