The insurance of cheap car can be found easily for men in comparison to women. We can see below how and why it has changed.
It is easy to find insurance for women in comparison to men and it can be made at a low cost. Women’s accidents ratio is lower than men or we can say that they do not claim much for their accidents. Keeping in mind this fact, insurers offer them low premiums.
European Court of Justice (ECJ) shows that the insurers do not calculate the cost when talk about the gender. Insurers do take the gender in notice when they claim for anything.
The law was passed in 2012, December 12. Women drivers faced it as a bad news that increased the car cost regarding their insurance.
Women’s Car Insurance Ruling
The ECJ ruling of women’s car insurance says that the female drivers will pay 50 % more premium in comparison to the male. Risk is high in case of women driving so they get more benefits in comparison to men.
Women who are at the age of 25 pay premiums for the counterparts of male and drive with involvement of accidents. The driver is in the age 22 or below as 17 pay premium of about $ 2, 05. Around $ 3000 has been charged for men.
Cheap Car Insurance for Women
It is still a debate that cheap car insurance is necessary or it is still not affected by the female drivers of less age. The type of driving is different in case of women instead of men. They have paid much for their insurance of car and they take it more seriously for the driving. To insure the cheapest cars are the biggest risks as they require more maintenance and insurers get loss in it. Also, it depends on the type of the vehicle that women buy.
The prices of women’s car insurance have fallen so they can buy cheapest cars at a best cost of insurance. The insurance policies have been revised for women.
Reasons behind Cost Differential between Women & Men
There are chances of about 70 % to 80 % that men are drunk driving and report to US every year. Men are mostly arrested for this case in comparison to women. Women do not drive after being drunk.
This is the basic statistic which is in support of the driving of women. Women do create violation of rules but that is a very rare case. In the records of accidents, mostly the people who are involved are men.
Gender Discrimination in Charging More
Genders have been discriminated for charging more for fouling of rules. Insurance rates can be calculated based on the ratio of accidents done by men and women. Men will have more cases of accidents than women.