0
Why does a male have to pay a higher insurance rate for car insurance?
Wiki User
∙ 11y ago
Men have to pay higher rates for car insurance because, statistically speaking, men have a higher rate of accidents. They have a higher rate of DUI-accidents, and also a higher rate of serious accidents than women. Because men appear to be riskier, less-defensive drivers, insurance companies have to adjust their rates accordingly.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Should senior citizens be charged a higher rate for car insurance?
Senior citizens should be charged a higher rate for car insurance. Seniors have the second highest accident risk average, only after teenage drivers. Teenage drivers have higher car insurance because of this higher risk factor, and so should senior citizens.
What is the average cost of car insurance for a 17 year old male?
Contact an Insurance Agent for a rate quote. There is no such thing as an average cost of car insurance for a 17 year old or any other age male.
Are the rates higher for a senior to get car insurance?
If you are 75 years or older you car insurance rates will likely be higher as the rate of accidents increase. Some insurances offer better rates for seniors who take safety courses.
Is there cheap car insurance on luxury car in New Hampshire?
Insurance for a BMW is generally higher than other models. You should try a large insurance carrier like Allstate for an affordable rate.
How much cheaper is car insurance if your on the honor roll?
Well, as stupid as this sounds, if you're a teen and you have a license, the rate of car insurance is higher if you're a male and lower if you're a female. Kinda stupid, but according to statistics, males tend to be more careless when they're teenagers and reckless as well.
Would you car insurance rate go up after making a claim?
Yes, that is typically how it works. The more claims you have the higher the rate you pay.
What is the insurance rate for a 16 year-old male driving a camaro?
The rate will depend upon the year of the car and the insurance company. Most times, insuring 16 years old is very expensive, especially with any type of sports car.
Do caravan insurance quotes vary from car insurance quotes?
"Yes. In the same rate that a home insurance rate is different than a car insurance rate, caravan insurance rates are usually different than car insurance rates, because caravans are not cars."
What is the insurance rate of an El Camino for a 16 year old male?
16 yr old = high male = high muscle car = high old car = low If you need more specific info than that, you'd have to call your insurance company.
Do red cars get more tickets?
Yes and they have higher insurance if its a sports car and if your male. Id Get a darker shade of red.
What Determines a Car Insurance Rate?
Car insurance is required for anyone with a driver’s license wishing to operate a motor vehicle in the United States and most westernized countries. When car insurance rate is determined, there are several factors companies will take into consideration include driving record, credit history and length of uninterrupted time covered by auto insurance.Driving Record and Car Insurance RateWhen applying for car insurance, rate will be dependent upon previous driving record. This includes length of time the driver has been licensed to operate a vehicle, age when license was issued and violations – both moving and accident. Operators with longer good driving histories tend to earn a lower car insurance rate. Older drivers also typically qualify for lower prices. If a driver has a history of moving violations or accidents, car insurance rate can be significantly higher and driver’s can be placed in the high risk category.Credit History and Car Insurance RateRecently, insurance companies have started using credit scores to weed through car insurance applications. Applicants with higher credit scores tend to be more apt to pay bills on time and have a better control on finances which could equate to more control on the road. Bad credit scores may raise car insurance rate amounts or disqualify a driver from coverage.Length of Time Covered by Uninterrupted Auto InsuranceIf a driver has kept continuous auto insurance without any lapses in coverage, the car insurance rate will most likely reflect this as a lower rate. Lapses in auto insurance coverage could mean the driver chose to operate a motor vehicle without coverage which is against the law. Insurance companies have access to all previous insurance policies approved for a given driver’s license or applicant and thus lying on the car insurance application could lead to higher rates or refusal for coverage.Lowering a High Car Insurance RateIf drivers wish to lower a car insurance rate, they will need to work on the problem that caused the higher rate in the first place. If the rate is higher due to credit problems, fixing those problems and raising credit score could impact car insurance rate. If violations or accidents are the reason, over time these will disappear from driver records and no longer be an issue when a car insurance rate is figured.
Why is student car insurance cheaper for a female than a male?
Student car insurance is cheaper for females than for males because the risk assessment is higher for males. Due to this consideration, most insurance plans are higher for males until the age of 25 when most plans come to parity.
