Auto Insurance For Women

Fact or Myth: Women pay less for auto insurance than men do?

Fact! It’s true that females 18 to 25 do pay less than their male counterparts. As unfair as this may seem to male drivers, female drivers typically have fewer car accidents and moving violations than males in that same age bracket. The theory that young men tend to drive more aggressively and erratically than young women is one that is widely agreed upon by industry experts. To go a step further, male drivers are statistically more likely than women to break the law, and men in general are thought to be bigger risk-takers. According to figures compiled by the Insurance Institute for Highway Safety (IIHS), more men than women die each year in motor vehicle crashes. While this statistic seems to prove the aggressive-male driver theory true, the tides might be shifting. According to IIHS, from 1975 to 2003, female deaths in motor vehicle crashes increased 14 percent compared to an 11 percent decline for male motorists during that same period. This may be due to an increasing number of women obtaining drivers licenses today. "If trends continue as the data suggest," said IINC's Tully Lehman on Insurance.com, "you could start seeing a closing of the gap of auto insurance rates between male and female drivers." For the time being, however, it appears that the gap between car insurance rates for young men and women will remain where it is.