Why do Males Under the Age of 25 Pay More for Car Insurance
An age old question, but one that's simple, really.
The car insurance industry is one that is based on statistics that have been accumulated over the years. Males under the age of 25 typically pay higher premiums than women of the same age bracket. This is because, statistically, males are more prone to cause car accidents, and thus are a higher liability to their insurance companies.
The way insurance works is that the premium for the driver is paid either monthly or annually (or bi-annually) into a large pool of money and is used by the insurance company to pay off any repairs ortotalled vehicles. If you never get into an accident or have any outstanding tickets, you'll typically get a good driver discount, which varies between providers. Young male drivers (or their parents) typically pay more to this pool of money. It's not very fun, and sometimes irritating, but I'm sure we've all seen our share of idiots on the roads that fall into the under 25 age bracket. It's obvious to see why this age bracket typically pays more.
Comments on this or anything else I've written, like always, are welcome.
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7 Comments:
What Do You Mean Idiots???!!!
It means you dumbass, men are more prone to accidents then women. Insurance compnies notice this and thus charge the men more.
u dip shit
honestly that is a load of bull shit, the only thing going on her is gender discrimination. young males arent all going to drive that way, though some do, doesnt mean that the rest of those poor bastards should have to be rapped out the ass! They're being judged before they even get a chance to prove it and we all know ther are a fair share of crazy and stupid women drivers out there ? The real question is should they be able to discriminate?
It's true that some men under 25 are big blockheads, but sadly where I live it's teenage women I see in accidents all the time. You're theory is nice and all, but somewhat off the mark. Sure, people under 25 are more likely to be the cause of an accident, but seriously don't say "young men" as it's somewhat less than accurate. Young persons, perhaps. I'm sure you've heard all the women driver's jokes as much as the young men, huh? Cut us some slack ><
Why don't you all stop bitchin! This is set in stone. There is nothing anybody can do now to change the rules.
The insurance industry basis their statisitcs on acturial science. I think they need to do some research and probably just grouping people under 25 in one group but splitting them more in that category will be more helpful.
For people under 25 there is also a good site http://www.foranu.com
Foranu is collaboration driven free service where users enter their car insurance data and users can search others car insurance data. This lets users save time and money in finding cheapest car insurance rate.
This way people can find which insurance providers are cheaper for people in different categories
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