When it comes to getting a good rate from a Car Insurance Company in Waukesha Wisconsin, gender plays a significant role. While it may seem discriminatory to some, there are legitimate reasons for the practice. In this guide, readers can learn why women usually pay less than men for auto insurance.
Gender-Based Driving Statistics
Gender is only one factor considered when an auto insurer calculates a customer’s premium, but many people don’t know why it’s important. Along with the fact that women usually drive less than men do, statistics show that men take more risks behind the wheel. Insurance policies are priced partly through risk prediction, which makes sense.
Accident Frequency
Statistics show that women aren’t as likely as men to be involved in an auto accident, which means that insurers pay less in claims for female customers. Men are less likely to wear their seat belts, and because of this, they face a higher risk of severe injuries and the medical costs that result. Driving records are a big pricing factor, and a clean record usually translates into a lower rate for either gender.
Speeding Tickets
Speeding citations are an indicator of a higher accident risk, and having them on one’s record can lead to higher insurance premiums. NHTSA reports that in fatal auto accidents, speeding was a bigger factor for males (24%) than females (15%).
DUIs
DUI and other convictions can have significant effects on insurance rates. According to the FBI, over 535,000 men were arrested for DUI in 2013 compared to about 175,000 women.
Vehicle Choice
The kind of car a person drives can affect their insurance premiums, and men are more likely than women to choose expensive-to-insure models. A Car Insurance Company in Waukesha Wisconsin considers a car’s claims history and safety ratings, and the safer a car is, historically, the less it costs for coverage.
Gender Isn’t the Only Factor
For men, all this information means a female in the same circumstances will likely pay less for auto insurance. A person’s claims history and driving record play a more significant role, which means a man with a clean record will still pay less than a woman with a spotty driving history. Call P & C Insurance Services Inc. or Browse the website for more details.
