One thing that is certain in life other than death and taxes, men pay more for car insurance than women. Could this be some stereotypical conspiracy? Not really. There are several reasons why men pay more for car insurance.
Reason #1
Men drive 60% more miles than women spending more time on the road which simply provides more opportunity to be involved in a car accident.
Reason #2
Men are more aggressive drivers than women and win the award for earning more traffic tickets – as much as 85% of the tickets issued for serious traffic offenses such as speeding, reckless driving and DUI / DWI in some jurisdictions.
“Women are 50 percent less likely to be involved in a DUI or have one on their record than men. They’re also 10 percent less likely to have a moving violation on their records. And part of this goes to their earning power. Women’s vehicles have an average sticker price that’s about 8 percent less than their male counterparts.” – Anne Fleming, president and CEO of consumer review site Women-Drivers.com.
With that said, women typically have less powerful and more family friendly vehicles. Who really feels compelled to drive 85 mph in a mini van?
Reason #3
Men in general are statistically involved in 70 percent more fatal traffic accidents than women and have a 77 percent higher chance to die in a car crash according to a Carnegie Mellon University study. Newly licensed male drivers between the ages of 16 and 23 commonly have the most riskiest driving habits behind the wheel which leads them to being four times more likely to be involved in a fatal car accident compared to the national average of all drivers. Are you a guy between the ages of 21 to 24 and drive a motorcycle? Avoid driving on your bike between midnight and 4 a.m. because you have a shocking 45,000 per percent higher chance of dying in a motorcycle accident.
Reason #4
Although men and women are involved in nearly the same amount of car accidents per miles driven, women drivers are involved in more minor car accidents while men are involved in more serious traffic accidents increasing the costs of property damage and personal injury claims.
If you or a loved one has been injured in a car accident in the Northern Virginia area, order this Free consumer guide for accident victims in Virginia. It’s packed with useful information the insurance companies don’t want you to know. If you have questions about your case, contact Parrish Law Firm, PLLC today for a FREE evaluation at (571) 206-0215.
Sources:
- AOL Autos – Men Pay More For Car Insurance, But Women Might See Rates Rise: Men get in more fatal accidents than women, but women are starting to see higher DUI rates
- Insurance Quotes – Women pay less for auto insurance than men — but it’s for good reason
- Autos.com – Car Insurance Rates: Men vs. Women
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