How Auto Insurance Rates Compare
How auto insurance rates compare for women and men is a very touchy subject. For a long time we know that men pay more than women for insurance - especially young men. Auto insurance may be the only thing where men pay higher rates, as we know that women pay more for hair dressing and dry cleaning.
Here is some interesting research from the moneysupermarket.com on how men and women’s insurance rates compare. The study used 12 million motor insurance quotes issued from moneysupermarket.com and found that women enjoyed cheaper auto insurance premiums than men but only until they hit their fifties.
For the average twenty-something woman, her auto insurance quote was 16 per cent cheaper than that of a twenty something man.
When you take away the age crackets, men paid nine % more than women did for their auto insurance premiums.
The biggest difference came when it came to teenagers - an 18-year-old women paying £861 less than males. It is the first year that costs the most for teenaged boys who in their first year pay £1,815 for the auto insurance. If they make it through the year they get a great discount and their premiuns will drop to £874 when they hit 19.
This discrepancy comes because young drivers are seen as a high risk. To cut your costs you can add a parent to your plan. You can also shop around at insurance companies who specialize in young drivers and see how their auto insurance rates compare. The Internet makes it very easy to do.
While women are viewed as more mature at a younger age and rewarded with lower premiums, the difference dropped dramatically for insurers in their fifties. Female drivers in their fifties were paying £203 per year on average compared with males in their fifties who were paying £199
One of the reasons auto insurance is cheaper for mature people of both sex is that their cars are cheaper to insure.
But as always, the ones that come out on top are the ones that shop around.
Don’t settle for the first quote you get. Quotes can vary by as much as 35 %.
Try at least 5 insurers to see how their auto insurance rates compare.
-->Filed Under Car Insurance for Women |
Tagged With auto insurance rates compare, car insurance factors, car insurance for woman, cheaper car insurance tips, compare car insurance quotes
Related Articles
Get auto insurance online - this article will make it easy and safe. The internet has made it easy to get auto insurance. The competition is stiff, and it is easy to compare prices and policies. This makes it good for
We all want low car insurance rates. Let's face it, we pay for car insurance through our nose and if we are in an accident, we pay again as the car insurance companies deem us high risk and increase our
When it comes to womans car insurance it pays big to know the game. Here are some tips you can use to make sure you get the best insurance quotes. Remember The Factors That Influence Your Car Insurance Quote are numerous
How To Save Money On Insurance With Performance Cars
photo credit: david.nikonvscanon Performance cars - or sports cars - cost more to insure. This is because the insurance companies group cars according to risk, and statistically performance cars result in more frequent insurance claims. Then there is the topic
Comments
Leave a Reply