Reader’s Question:
I’ve heard that female driver auto insurance policies have cheaper quotations. Is this true? I am from Florida, and I hope you can give me some information on this.
Flor
Tallahassee, FL
Flor, what you have heard about auto insurance policies for female drivers is undoubtedly true. They get to have cheaper auto insurance policies than their male counterparts. Actually, a lot of male drivers are complaining that this is unfair, saying that it is unjust to get more expensive auto insurance rates just because of the fact that they are male.
But the fact is this is not going to be the case in the auto insurance industry if there wasn’t any reason. If you would check the statistics, you would see that annually, male drivers are involved with the majority of vehicular accidents that happen, whether they are at fault or not. This is the basis of auto insurance companies for not giving lower premiums to male drivers. Male drivers are generally considered as higher risk drivers. Maybe it is because of testosterone or something else, I do not know.
Now, even if female drivers are already initially given cheaper auto insurance quotations, they still have a very large chance of further reducing the amount they are going to pay for if they have clean credit history and an impeccable driving record. If the female driver is also a senior citizen, she can avail of the standard 10% discount offered to senior citizens.
It may seem unfair, especially if you are a male driver, but you have to know that this is how business works. Auto insurance companies are just protecting the their interest by not investing on high risk drivers.
Tags: auto insurance policy, Car Insurance Company, Female Car Insurance