How can a woman buy insurance for a car in the USA?
'20.03.2018'
Source: The balance
The gender gap is very much heard today - from wages to the price of razors. Women pay the so-called “pink tax” on goods intended for them, and receive on average 20% less salary than their male peers.
But there is one area where being a woman is really profitable - this concerns insurance premiums, says The balance. Study by NerdWallet in 2015, showed that men pay, on average, 3% more for car insurance, while men between the ages of 20 and 30 pay 27% more!
Why do women usually pay less
Insurance is mathematics. Everything is taken into account: the probabilities of risky circumstances, percentages, data on past accidents. The simple fact is that men overpay for insurance because they are statistically more likely to be responsible for road accidents - and they are more expensive for insurance companies.
Risk factors that insurance takes into account
Age young and old drivers usually pay more. Young drivers are less experienced than middle-aged people and are more likely to be involved in road accidents. This also applies to the elderly: they often have problems with vision and reaction, which makes movement more dangerous. Young men under 25 are more likely to get into accidents than women of their age, and less likely to buckle up, but to go as fast as possible is always welcome.
Frequency of accidents: Men are more likely to cause accidents than women. The more accidents that happen through your fault, the more expensive it will be for insurance companies to cover the losses that you cause, and the higher the cost of insurance will be. But if a man is a driver who has never had an accident, it is unlikely that he will be charged an additional cost just for his gender.
Make and model of your car: men often buy large and expensive cars, compared with women. Insurance for cars that are designed for quick acceleration and capable of gaining greater speed, often costs more, because it can in theory be used in street racing and costly accidents.
Marital status: if you are married, another person also depends on your health, financial status and well-being - which means you will think twice before driving carelessly. Because of this, married women and married men generally pay less insurance than their unmarried peers.
Best ways to pay less for insurance
- Be a safe driver: it is important to prove your reliability of the insurance company, showing the experience of trouble-free driving for the maximum possible time.
- Do not buy the minimum offer: one of the most compelling signs for an insurance company, confirming that you cannot be trusted, may be the purchase of the minimum required coverage provided for on US roads. If you do, you will be seen as a potentially risky driver.
If you prove that you can and want to drive carefully, avoiding the creation of dangerous situations on the road, then you will pay less insurance for others, regardless of whether you are a good or strong floor.
