Car insurance accident demogaphics
Reader question:
Who is more likely to get into a car insurance accident?
Brian
Thank you for asking, Brian.
If a car insurance company determines that you are in a group that is likely to get into an at fault car insurance accident and thus file a claim, then you will be placed in a higher risk category. This applies even if you did not choose to be a member of that group (age) or if, unlike other members, you have an excellent driving record. You can be charged more on your car insurance premium for being a high risk at fault driver even if you only buy the smallest amount of car insurance coverage possible. Last year, over forty thousand people died in car accidents, and car insurance company look at those statistics as well as claims statistics to determine what are the most dangerous behavioral qualities, and what are the most dangerous demographics. They then base the high performance car insurance premium rates that they charge on that.
- Mileage.
It’s pretty well known that if you keep your driving under five thousand miles a year, or for some companies under forty miles a day, then you can get a discount car insurance rate with many companies. But why is that? After all, a lot of companies don’t provide mechanical breakdown coverage.
The reason is that the more you drive, the more likely you are to get into a car insurance accident. There is one and a half deaths for every hundred million miles that you travel, and car insurance accidents and claims themselves come more frequently.
- Work.
It costs more, most of the time, to get commercial car insurance coverage than to get regular car insurance coverage, especially if the car that you use for your work is a high performance car. The reason for this is that last year and most years, car insurance accidents are one of the main ways that people die or get injured while on the job. That statistic surprised me, too.
- Age.
People over the age of sixty five are more likely to cause a car insurance accident than anyone else, base on statistics. Last year, they were at fault for a total of fifteen percent of all deaths in car insurance accident, and twenty percent of all deaths that involved a car and a pedestrian. As for younger people, who are under the age of twenty five, the numbers are close on the tail of the over sixty five group. For people under the age of twenty five, they are the cause of twelve percent of all traffic accident fatalities and sixteen percent of all deaths in a car insurance accident with a pedestrian.
Now, car insurance companies revisit this information every year, and their rates are always changing. One year might be better for younger drivers than others, depending on how the road wars play out. For example, right now young women pay less for their car insurance premiums than do men. However, over the past few years, women have been getting in more accidents while men have been getting in less. In a a few more years, women may be paying more than men.
Cheers,
Fashun Guadarrama.
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