Many woman paying more for car insurance than men in Texas

Many woman paying more for car insurance than men in Texas


2-SYDNEY:MANY WOMEN ARE PAYING MORE FOR THEIR CAR INSURANCE THAN MEN IN TEXAS.ABOUT 56 DOLLARS ON AVERAGE.ROBERT: THAT’S ACCORDING TO A NEW STUDY BY THE GROUP TEXAS APPLESEED.KXAN’S STEFFI LEE TAKES A CLOSER LOOK AT WHY – AND HOW INSURANCE COMPANIES ARE RESPONDING.NATS OF CARS WHEN MONICA RAMOS ADDED HER SON’S CAR INSURANCE TO HER POLICY– SHE WAS TOLD — MONICA RAMOS 12:59:45 “OURS IS MORE THAN DOUBLED WITH HIM ON THERE – WITH BEING A MALE AND 19 YEARS OF AGE.” BUT A NEW TEXAS APPLESEED REPORT SHOWS A DIFFERENT SCENARIO, AFTER ANALYZING CAR INSURANCE RATES FOR MEN AND WOMEN ACROSS THESE EIGHT CITIES. NAT ANN BADDOUR 14:29:43 “CONSISTENTLY ACROSS EVERY MARKET – WOMEN ARE PAYING MORE THAN MEN.” HOW THEY CAME TO THAT CONCLUSION? ANN BADDOUR 14:19:30 “WE LOOKED AT A 40 YEAR OLD WOMAN WITH A PERFECT DRIVING RECORD AND COMPARED THAT TO THE IDENTICAL MAN LIVING IN THE IDENTICAL LOCATION WITH THE IDENTICAL DRIVING RECORD.” (GFX) THE GROUP ENTERED THAT INFO AND COMPARED QUOTES FROM THESE FIVE COMPANIES.. ANN BADDOUR 14:19:12 “WE FOUND THAT WOMEN OVERALL ARE CHARGED MORE FOR AUTO INSURANCE – PARTICULARLY SINGLE WOMEN AND DIVORCED WOMEN.” STEFFI STANDUP: THE TEXAS DEPARTMENT OF INSURANCE SAYS IF COMPANIES SET A HIGHER RATE FOR A CERTAIN AGE GROUP OR GENDER — STATE LAW REQUIRES THEM TO PROVIDE INFORMATION PROVING HIGHER CLAIM LOSSES FOR THAT GROUP. MARK HANNA 11:43:18 “EVERY DRIVER IS DIFFERENT WHEN IT COMES TO INSURANCE RATES.” THE INSURANCE COUNCIL OF TEXAS ALSO SAYS HOW MUCH YOU PAY – CAN OFTEN GO BEYOND YOUR DRIVING RECORD AND AGE. MARK HANNA 11:44:20 “IF YOU HAVE A BAD CREDIT SCORE – YES – IT CAN RAISE YOUR AUTO INSURANCE RATES.”MARK HANNA 11:44:29 “MAYBE YOU’RE NOT TAKING CARE OF YOUR CAR AND THUS YOU MIGHT HAVE MORE OF A CHANCE OF HAVING AN ACCIDENT.” TEXAS APPLESEED WANTS LAWMAKERS TO ADDRESS DISPARITIES, COME JANUARY.. ANN BADDOUR 14:18:05 “IT’S AN ISSUE THAT IMPACTS THE BOTTOM LINE OF TEXAS FAMILIES – AND HELPS SUPPORT FAMILY FINANCIAL STABILITY.”STEFFI LEE KXAN NEWS SYDNEY:WE WANTED TO KNOW HOW INSURANCE COMPANIES SET THEIR RATES…THE TEXAS DEPARTMENT OF INSURANCE TOLD US INSURANCE COMPANIES IN TEXAS FILE THEIR RATES WITH THEM FOR REVIEW.. BUT THEY DON’T NEED THE THE AGENCIES APPROVAL..THEIR STAFF REVIEWS RATE FILINGS TO MAKE SURE THEY ARE JUSTIFIED..IF IT DOESN’T MEET STANDARDS SET BY STATE LAWS- THEY ASK THE INSURANCE COMPANY FOR MORE INFORMATION OR TO AMEND IT.IF THEY DON’T PROVIDE PROOF OF WHY THEY’VE COME TO A CERTAIN NUMBER…THEN THE TEXAS DEPARTMENT OF INSURANCE CAN STEP IN AND DISAPPROVE THE

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