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Why do women pay more for car insurance than men in Michigan?

How does gender dictate car insurance rates?
Flickr user Keturah Stickann/Flickr
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HTTP://J.MP/1SPGCL0
How does gender dictate car insurance rates?

 Our conversation with Neil Richardson

Are women worse drivers than men? Michigan auto insurance companies appear to think so.In most states, there’s not much of a difference between auto insurance rates for men and women. But in Michigan, there’s a difference of about 4.03% between them, with men paying $2,087 and women paying $2,175.

That's according to an analysis by The Zebra, a website that compares auto insurance premiums.

How does gender dictate car insurance rates?
Credit Flickr user Keturah Stickann/Flickr / HTTP://J.MP/1SPGCL0
/
HTTP://J.MP/1SPGCL0
How does gender dictate car insurance rates?

 

Wyoming, where men pay more for auto insurance, is the only state with a greater disparity.

 

Why does Michigan have such a large disparity based on gender?

Neil Richardson, a licensed insurance agent and the resident insurance advisor at The Zebra, joined Stateside to discuss.

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Neil Richardson is a licensed insurance agent and the resident insurance advisor at The Zebra.

(Subscribe to the Stateside podcast oniTunes,Google Play, or with thisRSS link)

 

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