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reply to post by James1982
I was a insurance agent for awhile in 2003 and had a friend who was in underwriting.
NEVER BUY THE STATS of insurance companies.
the male vs. female premium difference is ALL LIES.. and any other is as well. The confidentiality agreements are for life and they enforce them. I will say.
that in the male/female debate, that MALES DID NOT have more accidents/claims.
the skewed data on that is people who get into accidents while driving PROFESSIONALLY were included in an UNETHICAL fashion. THIS is what shows men as more risk..
what percent of CDL's are held by men? 90%(+).. so, all the insurance companies input that LIE, as justification for "men pay more because they have more wrecks".
When only personal driven vehicles (not for hire) are compared.. MEN HAVE LESS CLAIMS total..
BUT< since men make/made more money.. I.E., have more disposable income to siphon,. OF COURSE the insurance companies fond a LIE that STICKS!
AND< the families are usually male headed, and the policy is under the Man's name more often than not. AND ANY CLAIM on a family's policy where the Man was the holder... that data was also put into the "man have more wrecks" LIEedit on 29-12-2013 by HanzHenry because: clear
How pure of race are you looking at? Someone who is 50% of some race? 25% of said race?
What if they "look" like a certain race, but are not of that race?
I don't have a card that says what race I am, and what percentage of it that I am.
reply to post by Common Good
It goes both ways.
So it goes both ways,
So, it depends.edit on 29-12-2013 by webedoomed because: (no reason given)
reply to post by TKDRL
I agree they should rate us by our driving records.
37+ years with no accident and no claims and drove OTR for 3 of those (100K mi/yr)
No moving violations since 1984 as well.
They should pay me to drive, I make the roads safer statistically.
reply to post by James1982
Men are prone to doing stupid things behind the wheel.
Bad credit, bad driver?
The Insurance Information Institute, a trade association for insurers, says drivers at the bottom of the credit heap file 40 percent more claims than drivers at the top of the pile. The institute doesn't have such statistics yet for homeowners insurance claims.
"A consumer with bad credit is going to pay 20 to 50 percent more in auto insurance premiums than a person who has good credit," says Clarence Smith, former assistant vice-president at Conning & Co. On the other hand, having sparkling credit could land you lower rates so you should shop around if you've got a glowing report.
Elizabeth Mosley, of III, says, "Insurance is based on risk, and research has shown that individuals who tend to not pay their bills on time -- and then get low credit scores -- file more claims, and that those claims are more expensive." When insurers get stuck with a bad risk, she adds, other policyholders end up footing the bill.
But, she says, the news is not all bad.
"A lot of people benefit from it. Two-thirds of policyholders have lower premiums because of their good credit record."
Sure, maybe men tend to drive a little faster