Examining Car Insurance Rates For Women Drivers In Pennsylvania?

Answer 1

There are many laws in place both federally and in the state of Pennsylvania that have developed to prevent discrimination based on the gender of an individual. Insurance companies do not really discriminate, however, since they create policies based on the statistical analysis of data. This data breaks down the various traits of different drivers and then aggregates the traits to construct risk-based profiles of drivers who might be in more accidents than others. One of the points that this data has shown is that women drivers are less likely to be involved in accidents than male drivers. The result is that a woman driver in Pennsylvania is more likely to receive a lower initial insurance rate than a man.

Even though women are statistically less likely to be in an accident than men, it is not the only consideration that an insurance company makes when determining the cost of a car insurance policy. Female drivers who own expensive sports cars will receive the same increased premiums as men would. This is also true for their geographic location, mileage driven each day and previous driving record. Ultimately, there are many women drivers in Pennsylvania who pay a far higher monthly premium than many men because of their driving habits.

Women drivers have an advantage over men when it comes to their age. For new and teenage drivers, women tend to have their base auto insurance rates reduced more quickly than men. Insurance for women begins to drop when they turn 21, where as men do not usually see a reduction until they have reached age 25. As drivers age, women are able to maintain a lower monthly premium when compared to men for a longer time, sometimes for as long as 10 years more. Still, this only affects the base insurance prices which are then modified by a host of other factors that are individual to each driver.

Despite the discounts that women gain over men when it comes to the cost of car insurance in Pennsylvania, there are some peripheral problems that can reduce or remove this benefit. One is that there are still some insurance agents who can make the process of acquiring insurance confusing or difficult for women. This can lead a female driver to sign up for a policy that is not in her best interest, or that provides coverage beyond what is necessary.