Gender is one way that auto insurance companies devise rates. However, states have banned the practice while other state legislatures are looking to include a third gender option of self-identification. Insurers are scrambling for new methods of comparison. Two of the most recent states to ban the use of gender in determining auto insurance rates are California in and Michigan in The full list of states includes:.
What? Women Pay More Than Men for Auto Insurance? Yup.
Insurance won't pay for women to have pleasurable sex - CNN
Several studies in and revealed that women over 25, particularly those between 40 and 60, often pay more than men — not less — for auto insurance, all other rating criteria being equal. Now, California has become the latest in a handful of states that have outlawed setting rates for automobile insurance based on gender. As one of his last acts before leaving office at the end of , former California Insurance Commissioner Dave Jones issued regulations prohibiting the use of gender in individual automobile insurance ratings in California, effective Jan. But using gender is unfair because a person has no control over that, he said.
In California, Gender Can No Longer Be Considered in Setting Car Insurance Rates
CNN Michelle Weber says that when her boyfriend wanted to take Viagra, his insurance paid for it, no questions asked. More Videos Story highlights Some doctors say insurance companies put up barriers for women's sexual treatments but not men's An industry spokeswoman says some studies have shown that "female Viagra" isn't very effective Doctors say it's a "double standard" that's "so sexist". So when she wanted to take the new "female Viagra" for her sexual problems, she figured that would go smoothly, as well. Her insurance company refused to pay for the drug, called Addyi, saying she'd have to see a psychiatrist first.
Gender had been among the optional criteria until the beginning of this year, when a new regulation went into effect prohibiting the practice. Some insurers found that female drivers were a higher risk while others claimed the inverse, the department concluded , and the factoring of gender on rates varied widely by location. Insurers have until at least July to submit gender-neutral auto rating plans to the Insurance Department for review. Removing the gender factor could in effect equalize rates for inexperienced drivers: Younger men, who have typically paid higher rates, on average might see declines, while younger women could see increases.