Post by Heimdallr on Oct 16, 2017 14:21:49 GMT
A major consumer group contends that women pay more in auto insurance just to get behind the wheel, shattering a common urban myth that men face higher premiums.
And sometimes the cost is a lot more. In 38 instances, women with perfect driving records were charged at least $100 more per year than their male counterparts, according to a study by the Consumer Federation of America (CFA), which compared car insurance premiums for men and women in 10 big cities across the U.S.
The study looked at six major insurers: Allstate (ALL), Farmers, GEICO, Liberty Mutual, Progressive (PGR) and State Farm. It found that in six instances, applicants for car insurance faced premiums of at least $500 higher solely because they were “driving while female,” the study said.
“Insurance companies punish female drivers with perfect records far more often than men,” said CFA insurance consultant Douglas Heller. “Regulators should reconsider allowing companies to continue using it at all.”... More
And sometimes the cost is a lot more. In 38 instances, women with perfect driving records were charged at least $100 more per year than their male counterparts, according to a study by the Consumer Federation of America (CFA), which compared car insurance premiums for men and women in 10 big cities across the U.S.
The study looked at six major insurers: Allstate (ALL), Farmers, GEICO, Liberty Mutual, Progressive (PGR) and State Farm. It found that in six instances, applicants for car insurance faced premiums of at least $500 higher solely because they were “driving while female,” the study said.
“Insurance companies punish female drivers with perfect records far more often than men,” said CFA insurance consultant Douglas Heller. “Regulators should reconsider allowing companies to continue using it at all.”... More
