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Rita Said:

Ramadan: why do women get cheaper car insurances then men?

We Answered:

the reason is the insurance companies set up Premium Percentage on the basis of the risk
the higher is the risk the higher they charge you premium
this is one of the principle of insurance companies

they collect data of past years and calculate the risk ratio of previous statistics then decides
and the stats shows women drives safer and there is lower percentages of accidents as compare to men.
this is the only reason and business does not consider any relation and neither it is discrimination

Jamie Said:

Cheapest car insurance in Chicago? Please help.?

We Answered:

i pay 336.00 for liability for 12 months-with a not so good record - esco ins. agency - drive a old bmw.

Sarah Said:

car insurance is it sexist?

We Answered:

well its based on statistics and with the increase in girl racers the numbers are going up

Norma Said:

I rang up Tesco Car Insurance today and they sent me away?

We Answered:

Tesco Insurance are brokers. All they do is put you with an insurance company, then claim commission for doing so. If you read through your documents, it should tell you who the insurance company is. It might save some money if you approach the company direct for a quote, either online or by telephone, as you will not then be paying commission to Tesco. It is okay to pay commission to a broker if they are giving you good customer service, but showing that they aren't really bothered about your business is not good customer service.

I would always advise people to shop around at each renewal date as insurers constantly change their prices, and while Tesco may have been the cheapest in the past, they may not be the cheapest now. I would try a price comparison web site to get an idea what other companies are charging. If you get a better deal, take it. If not stick with Tesco. The person you dealt with is one of many employees and like everywhere else, there are good and bad employees. You can't assume that the company as a whole is a bad company to deal with based on your dealings with one member of staff. Next time, you could speak to another employee and get excellent customer service.

I agree that the cost of insurance across the entire market has gone up though. Insurers make their money by investing. The country is in a financial mess at the moment and insurers are not making the profits on investments that they used to. The cost of car repairs, insurers operating costs and staff wages has also increased. All these increases have to be passed on to the customer.

Claudia Said:

Why is car insurance cheaper for women?

We Answered:

All insurance rates are gathered by actuaries. They gather thier information from actual accidents & then plot trends. Unfortunately, men are statisctically in more accidents, and much more costly accidents. However, females are slowly catching up due to the rise of cell phones.