by Guest » Wed May 22, 2013 01:00 pm
I know until like 26 boys are required to pay more in auto insurance than girls and I also know that girls are statistically better drivers in that age range. But doesn’t the 14th constitutional amendment protect against this? Doesn’t it extend to private industries? In jobs they can’t discriminate between males and females just like they can’t discriminate by race. So how can they discriminate when it’s the question of auto insurance? Could someone please explain?
Posted: Wed May 22, 2013 02:26 pm Post Subject:
But doesn’t the 14th constitutional amendment protect against this?
Har . . . har . . . hardy har har!
The Constitution of the US is not quite the same at the Insurance Codes of the several states which expressly permit insurance companies to charge rates based on STATISTICAL information.
I also know that girls are statistically better drivers in that age range.
In reality, the increased premium for males through age 25 compared to females the same age has nothing to do with being "better drivers". Males and females at those ages are really about equal in their driving skills. A person's actual driving history, including years of driving experience, is one of the proper rate-influencing factors most insurance companies apply. In that, all newly licensed drivers, regardless of age, start out in the same "condition" -- "0" years of driving experience.
Instead, rate differentials have everything to do with the MORBIDITY statistical tables created for the NAIC which insurance companies use that show males age 16-25 have a significantly higher incidence of disability due to accidents of all types than females the same age. Whether that involves disability from accidents while driving or working or simply fooling around on the weekends, it can be used to predict the likelihood of risky behavior and to charge rates accordingly.
That's what accounts for the basic difference in rates between males and females where they exist.
Posted: Thu May 23, 2013 07:44 am Post Subject:
Very simple dude. Boys from 16 to 25 are involved in more accidents per thousand people then girls.
Posted: Thu May 23, 2013 02:11 pm Post Subject:
I think you should go by the statistical data available which clearly proves that boys are far more accident prone and hence they pay more.
Posted: Tue May 28, 2013 04:47 am Post Subject:
Both of these last two posts are incorrect. The vehicle accident rate for young males and young females is nearly the same, but the general disability statistics for males and females shows that more males are disabled due to accidents than females, and this accounts for their higher auto insurance rates.
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