Car Insurance for woman drivers in Canada is almost always lower in price than for male drivers.
With Car Insurance in Canada, you can take a man and woman of the same birth date, same driving record, same vehicle and the same commuting distance and most times the woman’s car insurance rate will be lower than the man’s. If not, the rate will be equal. There may be some instances where a man will have a lower rate, but that is not common with Car Insurance Canada. This is because statistics suggest that females have less accidents (by total payout and frequency) than males.
This is because statistics kept by auto insurance company’s show that women have less accidents than men. And insurance rates are set by actuaries that study statistics carefully to set appropriate rates. Not only do women have less accidents, but they are usually not as big a payout according to Canada's insurance industry statistics
The fact that women’s insurance rates in Canada are lower than men’s is especially evident with younger drivers. Young males tend to have more accidents than young females. Rates for teenage drivers are high, but higher for males than females.
Looking for more general information on Auto insurance? Go to Car Insurance Canada for plenty of information about auto insurance in Canada
Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.
Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.
Always speak with a licensed insurance representative about your specific situation.
This site is general in nature and there may be errors or ommissions