What gender should cost more in insurance?
Recently in the EU it has been ruled that it is illegal for any insurance company to discriminate against a person based on their sex. What does this mean for people today? At first glance it looks good. However, is it? Here are some thoughts on this topic of sex discrimination and insurance today.
Women have always been less of a risk to other drivers. They drive better and safer. It is a proven fact that is based on years of statistics. Why then should they be forced to pay the same amount as men? If they represent less risk, then they should pay less for their insurance. It only follows that this would be the situation. This ruling could change all that.
It could mean that the man could also have rates that go down. It is difficult to know in advance. However, it is fascinating to watch. It could be beneficial or detrimental. Only time will show. After all the sexist comments you hear about gender concepts and insurance company rates.
While it may sound like a great idea, you need to consider what it can mean for either of you. It could go either way. When you think about it, it has always been a subject of controversy. There are things you hear from the public regarding the genre and the facts remain.
– Women drive less than men.
– Women drive safer than men.
– Men are risk takers.
– Women are not.
Is that a fact? If you take a close look at what modern men and women are like, you might be wondering. Still, at a time when discrimination is collapsing in the face of equality in all areas; you have to add insurance to the mix. Perhaps this is what they had in mind when the EU made gender discrimination illegal.
If it is a fact that women drive less, that means they travel less than men. That means there is much less chance of them having an accident. Women tend to worry a lot and take far fewer risks when driving. Men, on the other hand, seem to get worse with age. The way a man goes through a “mid-life crisis” is a good example. At 40, practically all men want to go out and buy sneakers. Do women do the same things?
If they do, it would not be sensible not to make it illegal to discriminate on the basis of sex. You still have the fact that your record is considered when determining the rate to be paid for insurance. Now, gender is no longer an issue.
When you look at death rates for men at the same age as women, you start to really wonder what’s going on. Is there a good reason for gender bias in insurance? Is this new sentence fair? One might imagine that it is virtually impossible to say, but one fact remains today. Insurance companies will have to acquire new attitudes towards gender bias. Otherwise, they will be in a lot of trouble.