Your Gender Can Drive Your Auto Insurance Quote Up
Gender is one of the factors that automobile insurance carriers in Texas use to determine rates based on a calculation of risks. A male driver in Austin will likely get a completely different auto insurance quote than a female driver and usually a higher one at that. Although men may feel this is some form of gender discrimination, insurance companies actually have statistical research to prove that women file far less accident insurance claims than men do and that claims that are filed by female drivers tend to cost insurance companies less than similar claims filed by male drivers.
The Male, the Young and the Reckless
Men between the ages of 16 and 24 typically have the highest insurance premiums because this age group has proven to be the most reckless when it comes to driving habits as well as the most accident-prone, followed by women in this same age group. Auto insurance rates for women tend to decrease rapidly by the time they reach the age of 25 because statistics show that they become safer drivers by this point in their lives. For women who maintain a good driving record with no accidents and no moving violations or ticketed offenses year after year, auto insurance rates tend to decrease year after year. By the same token, men age 25 and older often invest in sports cars and other more expensive to repair models as their earning power grows, which can tend to keep car insurance premiums high. The best way for males over 25 years of age to get cheaper insurance rates is to qualify for discount programs and choose a make and model of car that the insurance companies consider to be at the lowest risk for theft or accident.
Age and Auto Insurance Premiums
As both men and women age, they are subject to having car insurance premiums rise, sometimes very sharply if they’ve been involved in an accident. The statistics that insurance companies use to guide what they charge each of the sexes for insurance premiums show that for both men and women, being older than 70 means they are less safe on the road due to slower reaction times and more likely to be involved in an accident. This is also the time of life when insurance companies are most likely to decline to renew an automobile insurance policy once the 70-plus male or female driver has filed an accident claim.
Behavior and Auto Insurance Discount Programs
What both men and women can do to counter the gender disparity they encounter when applying for affordable auto insurance rates is to discover what discount programs their individual behavior can qualify them for. While an insurance applicant can’t change his or her age and can’t become a member of opposite sex without an expensive life-changing operation, he or she can practice good driving habits that entitle them to good driver discounts for driving accident free with no claims or tickets. Individuals over the age of 55 who successfully complete an approved online Defensive Driver Course can rack up another rate discount.
Auto Insurance and the Power in Numbers
Discounts are also offered for multiple policies on vehicles in the same household, such as a husband and wife or father and daughter living under the same roof. Having more than one type of insurance policy from the same company usually brings a discount. And belonging to a professional organization or union can often qualify for a discount. There’s no doubt that men and women experience a difference in car insurance rates at different ages of their lives. But they can balance this inequity by taking advantage of discount programs offered by such Texas insurers as Texas Farmers, Allstate Texas and State Farm Lloyds.