Good question. It can be pretty infuriating, can't it? Particularly if you're a good driver. But. statistically speaking, men under 25 cause more accidents than any other demographic group. Some carriers even make the cut-off date age 30(!).
So, what if you're under 25, and you've never had an accident in your life, never made a claim, never had a ticket...never even thought about getting behind the wheel after having a couple of beers? Why are you "paying the price" when you don't contribute to accidents?
Because of the "law of large numbers," which is what insurance is based on. Everybody pays into a pool, and those who need the money get it. The system works because not everyone makes claims, and so the relatively small amount you pay in premiums can be applied to the larger payments for accidents.
But since you fall in a higher-risk category, you're expected to pay more, even if you never, ever take advantage of your insurance policy. It's similar to a person who pays a higher premium for his 2004 Cadillac Escalade, compared to a person driving a 1998 Honda Civic. The Cadillac driver, by virtue of owning such an expensive car, has assumed a higher risk, and pays accordingly.
Naturally, you don't get to choose to be under 25 (as opposed to a person who chooses to buy a Cadillac), but the principles are the same.
However, there are some contradictions to the "law of large numbers" in this scenario.
According to an Allstate report It seems to indicate that the female drivers are beginning to become more of a driving hazard than male drivers.
There's more too,
As more and more women get on the road, their driving reputation diminishes. This seems to indicate that women were getting into less accidents as drivers because they spent less time driving than men.
No. Per statistics, men have more insurance policies than women
Under insurance is not carrying enough insurance to cover your assets in the even of a liability claim or not carrying enough insurance to satisfy your bank / lienholder. Over insurance is carrying more insurance than you need. This is more common with home insurance. For example, insuring a 1000 square foot house for 1,000,000, would be considered more insurance than you'd ever need.
no they do not because women are more factored under the risks of heart attacks
Yes, car insurance is cheaper for women. Insurance companies charge individuals based on demographic data, and women continually cost insurance companies less. This is partially because men get into more accidents, but even those years when the numbers of accidents between genders is nearly-identical, women get in less severe (i.e. less costly) accidents, so insurance companies feel justified for charging men extra.
The company offering more than one insurance and representing more than one insurance company is called Corporate Agent.
There is more than one place you can find info but here is a link where you can get more information about car insurance discounts in the state of Virginia. www.carseek.com/insurance/west-Virginia/
Men generally pay more money for car insurance than women. There are other factors to consider such as make model and year of car and the person's driving record.
In California, women pay about 10% less on their car insurance premiums than men do. This is generally true in all states as well. This is most likely due to women being less likely to have a DUI or a violation on record.
NO, males are more likely to be involved in a vehicle crash (as a driver, rather than passenger), than women. Women do not have excesses of testosterone. Hence the popularity of female-only insurance companys, such as "Shelia's Wheels".
Other than breakdown insurance, More Than offers a wide variety of other insurances such as life insurance, car insurance, property insurance and home and pet insurance.
Some women smile more than other women, indeed.
Scooter insurance does not cover more than motorcycle insurance. Essentially motorcycle insurance is scooter insurance and in general, is insurance coverage for 2-wheel vehicles.
The insurance company More Than offers personal and business insurances. One can obtain an insurance online by filling out their insurance form on their website. They offer life insurance, car insurance, pet insurance, travel insurance, home insurance and many more.
It is possible for women to get affordable car insurance. I think it is cheaper for a woman to get car insurance than it is for a man to get car insurance as a matter of fact. Contacting an insurance company for quotes will help you.
can a general insurance agent represent more than 2 companies
Women over the age of 25 pay approximately 9% less than men do for auto insurance because studies have shown that women are safer drivers than men and have fewer accidents than men.
Women can find cheap auto insurance available from companies like GEICO, Progressive, and Allstate. Typically the cost for women to receive insurance monthly is less than that of men.
Because, broadly speaking, they have more accidents than other age-groups.
One can purchase more than one type of insurance by contacting one's insurance company for more information as well as for other insurance details and pricing.
Women's car insurance rates are lower than men's insurance rates because women are less likely to have a DUI. Women are also less likely to have a moving violation.
They offer all people insurance, most of the time women pay less for insurance than men do. So I would assume that Northwest Insurance wouldn't be too costly.
Most insurance companies offer more than just pet insurance. Pet insurance is relatively a new idea, and most large insurance firms do not offer it as a service.
Yes there are. In fact, most major insurance companies offer such policies. Since women statistically make fewer insurance claims than men, companies are willing to offer better deals for women.
Some study claim that there are more women than men.