Unique Insurance is dedicated to offering fair, competitive rates on low-cost auto insurance. Many factors determine how much you pay for auto insurance, but one you may be surprised to hear about is your gender.
While it’s not a hard-and-fast rule that all insurance companies adhere to, males tend to have higher insurance rates than females. This boils down to statistics, not sexism or preference. The National Association of Insurance Commissioners found that men are more likely to get into auto accidents and 10 percent less likely to wear safety belts. To an insurer, these findings indicate it’s safer to insure women, as the company is less likely to have to pay a claim.
A 2011 study from the National Highway Traffic Safety Administration found that men are also more likely to speed. In a speeding survey, 36 percent of males were classified as “speeders,” while the figure was only 28 percent for women.