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Cheap Vehicle Insurance Quotes Men Can Find Cheaper Rates by Shopping

Posted on Thursday, Oct. 25th 2012 8:46 AM by Online Vehicle Insurance Quotes in Vehicle Insurance No Comments »

The amount that a motorist is charged for car coverage is dependent on the individual company. Based on an analysis of rates given in the auto insurance and Shopper’s Guide provided by Kansas regulators, it’s apparent that gender-based price differences can vary significantly. Of the 28 companies that are listed, the premiums for a 21-year-old were on average 24 percent—or $204—higher when the driver is male. But at its largest, the pricing gap was 44 percent; at its lowest, it was 8 percent.

Despite the accident statistics surrounding the different genders, some insurers do not rely on this information when rating drivers and others are legally barred from using this data. A handful of states—including Massachusetts, Montana, North Carolina, Michigan, and Pennsylvania—ban the practice.

Vehicle owners’ best chance of finding affordable coverage that is priced in their favor is to shop around. Although men may encounter higher rates, generating online car insurance quotes from several sources can provide pricing options, and the possibility of finding an insurer that rates men more favorably.

Posted on Thursday, Oct. 25th 2012 8:46 AM | by Online Vehicle Insurance Quotes | in Vehicle Insurance | No Comments »

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