Generally, males will end up paying more for auto insurance than their female counterparts; this is mainly because of the statistics that have been compiled which show men being more aggressive behind the wheel, having a higher tendency of driving under the influence, speeding and are involved in more fatal crashes than women. Additionally, insurers will base rates depending on prior profits and losses; due to the fact that most payouts are caused by males, providers may have to raise their premiums for male policyholders in order to compensate for previous losses.
Why Men Have Higher Auto Insurance Premiums
Although it may seem discriminatory for carriers to charge men more for car insurance than women, there is statistical data which shows males to be more likely to cause a loss. According to statistics compiled by the National Highway Traffic Safety Administration (NHTSA), males are involved in far more fatal crashes in every age group compared to females. Age groups include those who are under 16, 16-20, 21-25, 26-30, 31-35, 36-40, 41-45, 46-50, 51-55, 56-60, 61-65 and over 65.
In 2008, fatal crashes caused by drivers impaired by alcohol involved 9,175 males compared to 1,650 females which is a very large difference. Between the years of 1996 and 2005 male drivers were involved 68% of all traffic accidents ending in fatalities and female motorist were involved in less than a third at 32%.
In the year 2005 alone, males accounted for 70% of all traffic fatalities, 70% of all pedestrian fatalities and 87% of pedal cyclist fatalities. In every age group, percentages showed that males were also found to have caused many more fatal accidents than females as a result of speeding; especially those under the age of 25.
A survey conducted by the NHTSA in 2003 after the launch of the Click it or Ticket campaign was launched showed that 77% of males regularly wore their seatbelts while 84% of females buckled up on a normal basis. Failure to wear seatbelts can result in more serious injuries which leads to a higher amount of payouts by carriers.
Due to the elevated risk of covering a male and the larger amount of claims that have been paid out on their behalf, many insurers need to raise premiums in order to compensate for prior losses and potential claims. Consumers should keep in mind that this has nothing to do with discrimination, but solely statistics; factors such as age, place of residence and marital status are also used in the same manner when calculating rates.