Why Is Men’s Car Insurance Higher?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WIOver the years insurance companies and other organizations have collected data about tickets, accidents, and claims on both male and female drivers and from this information they have determined that male drivers are potentially a greater risk than female drivers. Whether or not this sort of pricing is fair to everone is a matter of opinion.Answered on September 29, 2013flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482Insurance companies base their pricing on mounds of historical data. They carefully review statistics common to the industry as well as those specific to that company's loss experience. This risk analysis ultimately results in the rates we pay for the products that company offers. Over a great many years, statistics have tended to show that younger less experienced male drivers tend to be involved in more claims than their young, less experienced female counterparts. That being the case, and all other things being equal, it would cost more for a male to insure a car than it would for a female to insure the same car.Answered on October 23, 2015flag this answer
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