Gender and Free Auto Insurance Quotes

Rates for car insurance are established using detailed and complex formulas. Each insurance company has its own set of eligibility factors they use to calculate rates. Insurance providers consider your driving record, credit score, and even where you live among other factors when assigning your risk potential. Many people are aware that a major determinant is gender. In fact, gender, both alone and combined with other personal information, plays a central role when you request free auto insurance quotes.

Gender and Risk

Insurance companies are very concerned about risk. Specifically, when they calculate rates, they are assigning a value of potential risk to drivers. For this reason, it is not unusual that women receive better rates than men. Using actual statistics from police records as well as past insurance claims, the car insurance industry has evidence that female drivers are less likely to be involved in or cause car accidents. As a result, fewer insurance claims are actually filed by women. This makes women, in general, better risks for insurance providers.

Gender and Safety

Research shows that women tend to be safer drivers than men. They receive fewer speeding tickets and citations for moving violations. Women are also more apt to follow safety laws such as wearing their seatbelts at all times while in their car. Some speculate that this is due to some degree because they have become the primary driver of their children. If this is true, then women are probably also very good role models for their children when it comes to car safety. Regardless of the reason, being safe reduces risk which makes them attractive customers for insurance companies.

Gender and Other Factors

When combined with other eligibility factors such as age and driving record, gender can have a significant impact on car insurance rates. Customers with the lowest insurance rates are typically middle age women with no driving violations. And as long as they can maintain a clean driving record, their rates are likely to continue to decrease as they age.

No insurance company wants to pay claims. The fewer claims they pay, the more money they make. For this reason, they are very interested in having customers with minimum risk potential. So while you may resist providing personal information when you apply for free auto insurance quotes, the reality is that you will probably get quotes with lower rates when you provide that information. And if you are a woman, your rates will be lower than your male counterparts.