Why auto insurance is higher is you are single

Auto insurance is higher if you are single not because you are a worst driver than your married peers; rather, your auto insurance is higher because statistically you are more likely to commit auto insurance fraud. This seems unfair, but the nature of auto insurance to statistically uncover the realities of a demographic groups. Therefore if an auto insurance group has a significantly higher payout, whatever the cause, then the result is the group as a whole suffers. Married people are less likely to commit fraud because they have a family to think of and are focusing their cognitive energies on legal ways to make money; as their indifference curve connected to risk is more skewed toward legal endeavors. It might also say something about the type of people who get married, although I have no statistics on it I think they are less likely to commit crimes across the board, including auto insurance fraud.

Tags: Auto Insurance