In the game of cheap high risk auto insurance you will get a better rate if you are female.
It is all about the statistics, and women have better stats than their male counterparts. Sure your driving record plays a part in obtaining cheap high risk auto insurance but it is not the only factor insurers take into account. Younger drivers are finding it hard to get cheap high risk auto insurance simply because of their age. Young men between the ages of 16-25 are finding it next to impossible to get insured at low rates and you can blame that on statistics. Statistically young men are the aggressive drivers and are prone to speeding and other such reckless behavior. Most insures have studies done to provide them with statistics on the driving habits of the different ages and sexes. This information is then used to develop a rate scale.
One of the reasons young men find it hard to get cheap high risk auto insurance is that according to statistics they are not as safety conscious as young women. They will drive more often than not without their seatbelts. How does the insurance companies know this. They have the statistics of young men in accidents that were not wearing a seatbelt. There is a study conducted or reports researched, to keep up with the ever-changing landscape of motorists. According to these young women drives more defensively and carefully and therefore are better gambles.
It is also believed that men spend more time behind the wheel and because of it the odds are not in their favor when it comes to accidents. Auto insurance is a numbers game. They bet you won’t you bet you will and if your statistics show that you may just they look out for themselves in the form of higher premiums. The more of a risk that you pose to them of actually have to pay out the higher they charge you to take the risk.
Cheap high-risk auto insurance is actually an oxy-moron if you think about it especially if you are young.