Why Men Pay More For Their Auto Insurance Than Women?

View PDF | Print View
by: barbarawhite1956
Total views: 3
Word Count: 582
Date: Mon, 7 Feb 2011 Time: 2:02 PM
0 comments

There are many factors that are considered when computing an insurance quote for a new policy. Though their calculations may seem sometimes to be generalizing the population, they nonetheless have not been successfully opposed, especially in Canada, in this method of calculation. Generally speaking, men tend to pay more on auto insurance policies than women do. Until a Government debate proves to be effective and manages to change how the premiums are calculated and make them become more individual, there isn't much we can do to lower our rates except play by the rules. Next, are some reasons why men tend to pay more for car insurance than women do.

1. Men are more risky than women when it comes to driving. Men are charged higher premiums than women because they're more likely to be involved in a high cost accident. This does not necessarily mean that men are inferior drivers compared to women, but that due to a variety of circumstances such as driving to work more during rush hour or excessive speeding, they're more likely to cost the insurance company big money.

In order to counter act this, it's advised for men to drive as little as they have to, especially on their way to work. In fact, people should take special notice to the fact that the insurance price often changes with the number of kms that you drive, especially when it comes to how long your commute to work is.

2. Men also tend to purchase more flashy vehicles. Insurance companies have found that men are the ones who buy faster, newer, flashier cars, which inspire them to take more risks while driving. A brand new car will be much more costly to insurance than an older vehicle, even if the difference is only a few years. Engine mods and other expensive upgrades will hike up the price that you pay for your car insurance.

If you're trying to decide between an older vehicle and a newer one, pick the slightly older one, not only you'll save on the price but also on the insurance rate. Modifications to the engine should also be avoided whenever possible if the intent is to keep insurance rates low.

3. Men have more dangerous jobs Using your car for business purposes will cost you much more on the insurance than it will by using it just for pleasure. Using your car for construction type of work will result in higher insurance premiums.

A possible way to lower your insurance rate is to make sure that the place you park your car is relatively safe. Stay away from parking in Canadian zip codes known to be areas of high crime.

4. Men have worse driving records. Of course insurance companies assume that if you got into accidents before, you will get into accidents again. Often times it does not matter whether the past accidents were your fault or not, because it's sometimes hard to indicate who is responsible for an accident, especially if the accident happened in a parking lot or due to poor weather conditions.

This remedy is obvious -- keep your driving record as clean as possible, and make sure your insurance company knows it. If you want to keep your record clean, avoid rush hour traffic as much as possible. Hopefully you get a really good deal for Canada car insurance.

About the Author

Shopping for insurance isn't the most fun thing in the world. Get your Canada car insurance quote at Kanetix in less than 5 minutes.