Gender Inequality & Insurance

Gender Inequality & Insurance

Gender does matter— especially when it comes to insurance. Whose rates are higher? And is it justified?

The process of determining premiums based on gender is known as gender rating, and it has its critics. Here are several examples of how gender impacts your insurance rates.

Women’s life insurance rates are lower because they statistically live longer than men.

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Girls Tailgating Boys With High Auto Insurance Premiums

Girls Tailgating Boys With High Auto Insurance Premiums

Conventional wisdom in the 20th century held that teenage boys were much more aggressive, riskier drivers than their female counterparts.

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Insurance fraud cases remain steady

Insurance fraud cases remain steady

In California, someone who owes more on their car than it is worth easily remedies the situation by driving the car to Mexico and reporting it stolen. In New York, a man low on cash dresses up as his recently deceased mother to cash in on her workers’ compensation claim.

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