Quote: (05-06-2013 10:00 AM)NY Digital Wrote:
Quote: (05-06-2013 09:17 AM)BigDaddy Wrote:
Men's car insurance premiums are higher because, for the most part, women are insured under their father's insurance policy (until moving out) and their husband's insurance policy (when married).
So when they get tickets or get in accidents, the actual policy that shows up in the statistics is a man's policy. Hence "men" get in more accidents and get more tickets.
I work at an insurance company.
So can you tell us, do they get in more accidents? Do you see this data?
Please explain further.
I don't work in the claims department, however I work in the policy support department.
The vast majority of policies at my top 3 company (and one could extrapolate to all companies) are owned by men, with their wives, sons, and daughters as secondary insured or sub-insured on the policy. The ratio is something like 75/25 men/women as the owner.
Actual detailed claim data (who was driving) is confidential, but the data on the owner of the policy filing the claims isn't. The owner of the policy (as I said, mostly men) is what is reported in data of who files the most claims; therefore, since mostly men own the policies, the reports show that mostly men file accident claims, and therefore "men get in more accidents and get more tickets" and are therefore higher risk.
That's why men have higher premiums.