Average Car Insurance for an 18-Year-Old Female
It is no secret that females have a much lower average car insurance rate than males do. However, do you know why that is the case? There are many reasons behind this and I will go over a few of them in this article. The first reason is because females are less likely to file automobile claims than males. This is primarily due to a few different factors, which I will explain in this article.
The first thing that makes women less likely to file insurance claims is because they are very cautious with their vehicle. The more they drive, the more cautious they become and they tend to drive less. This means that the vehicle insurance company sees them as less likely to drive with a collision or be at fault for an automobile accident that involves another vehicle. Additionally, if they own their own vehicle, they are far less likely to file a claim on their vehicle.
The second reason why women have such low insurance rates is because the majority of the auto insurance companies out there cater to women. Therefore, they are less likely to be categorized as high risk. This category affects how high or low your rate can be. High risk drivers have to pay higher rates than other drivers to get comparable coverage. Therefore, women tend to fall into the medium to low risk category, which gives them better rates.
In addition, insurance companies believe that female drivers are more careful and attentive with their vehicles. They also believe that females are more responsible and self-staying. These two factors alone, contribute to their lower rates. This doesn’t mean that these factors don’t exist but it does mean that the insurance companies base their rates on these things. Therefore, if a female driver were to get another vehicle, her insurance rates would go up.
The third reason why younger drivers get less expensive car insurance is because of the volume of traffic that they are involved in. Younger drivers are more likely to get in an accident due to inexperienced driving habits. Because of this, insurance companies see these drivers as being high risk because they get into more accidents and are more likely to get into further accidents. For this reason, they are charged with higher premiums.
The fourth reason why females are charged with higher insurance premiums is because of their age. Studies have shown that male drivers are more mature than females. Therefore, they are more likely to make good decisions when it comes to driving. However, studies have also shown that male teenagers are not as mature. They are more likely to get into accidents because they don’t know what they are doing. Therefore, companies look at teenagers as high risk drivers.
Another thing that companies look at is your state of residence. The states where females live tend to have higher rates because there are more males in those states. Therefore, if you live in a more populated area, your chance of having accidents is higher. However, if you live in a more rural area, your chance of having accidents is lower.
In conclusion, insurance companies view females as high risk. On top of that, studies have shown that males are more mature and drive more responsibly. However, there is one thing that these studies don’t tell you. Females can save money on auto insurance just by shopping around for car insurance companies. You can get a better quote by shopping around than just going with any older or younger male driver.