Why Is Car Insurance More Expensive For Boys?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe answer to this question will probably vary by state. In California sex is not a rating factor. Driving experience, annual miles driven, driving record, location and the automobile itself are the most important factors for California insurers. Any time there is a difference in rates it can be supported by statistical information. If in other states boys pay more than girls it is because they have losses which exceed that of girls.Answered on March 4, 2014flag this answer
910 POINTSview profileKen BoncelaAgeny Owner, Farmers Insurance, Ken Boncela Insurance & Financial Services, Oswego, lllinoisAh, but auto insurance is not ALWAYS more expensive for boys. Youth and inexperience are indeed negative components contributing to higher insurance costs for youthful drivers. At one time, the insurance costs for boys was always higher than for girls, because the stats proved that male drivers were involved in far more claims than their female counterparts. But today the gap is narrowing and the disparity in costs to insure young men vs. young women is narrowing. They continue however to both pay higher rates than experienced drivers. Like anything else in life, practice makes perfect, experience makes better, safer drivers getting lower insurance costs.Answered on March 4, 2014flag this answer
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