Government statistics have often indicated that men and women motorists account for the same number of auto accidents per mile each year.
Because they also spend a lot more time behind the wheel, this means that men are involved in more accidents, according to a recent report by Texas-based insurer MileMeter. Therefore, auto insurance policies requiring women to pay the same premiums as men may indicate group discrimination.
Charging consumers per-mile premiums may be one way to resolve this insurance discrepancy in favor of women and other low-mileage drivers, according to the report.
“MileMeter seeks to provide coverage for drivers in a fair, affordable manner,” said Chris Gay, MileMeter president and CEO. “Drivers should be in control of what they pay, instead of relying on coverage rates determined by things beyond their control like gender.”
The company currently allows drivers to purchase insurance miles, which they then add to their odometer. Rates are based on their location of residence, age and vehicle type and allow women to save an average of $200 per year, according to the report.
Legislation in most states currently requires motorists to purchase auto insurance or have sufficient assets to cover claims. This prevents premium increases caused when uninsured individuals file claims.
