Women, as a group, get far better deals on auto and life insurance.
But once it comes to health insurance, a woman will attract higher rates than a male counterpart.
Why is this so and what can a woman do to pay far less? First, let's explain why this is so...
It's been proven that the female of every species tend to require more health care than their male counterparts.
And it does make sense for the human race for the following reasons...
1.
The female gender goes through monthly circles that take a toll on them.
The degree to which this affects them defers from lady to lady.
However, we all know that the loss of blood is part of the whole process.
Considering that this happens every month with the attendant psychological implications for some ladies, they should require more health care.
2.
Pregnancy.
We are NOT referring to the special care a woman needs when she's pregnant we are referring to its toll on the woman's health long after delivery.
And, if you consider that a good number of women have several pregnancies in their life time, you'll see it makes sense that their bodies require more health care attention.
Now, we must understand that insurance companies, like every other business out there, are out to make a profit.
Miss this important fact and you'll wonder why a lot of things are the way they are.
To this end, they have studied trends of various profiles and can comfortably project how many insureds within a profile would make a claim within a given time.
If for example, 1 out of every 1,000 insureds within a profile makes a claim of $10,000 within a year, they will still be profitable if each person in that group pays $200.
This simply means that the higher the number of claims and the amount claimed per profile, the higher their rates will be.
As a profile, the female gender have shown that they make more health insurance claims (and higher amounts) than men.
This invariably means that insurance companies will by default give you higher rates than a man of the same profile.
So how do you still attract cheaper rates as a woman? Top among the many things you have to do are the following...
1.
Quit alcohol, smoking and the use of tobacco in any form.
2.
Quit dangerous games and sports.
3.
Quit jobs that expose you to hazards.
4.
Get in shape.
Apart from the fact that you'll look better, your rates will also be more manageable.
5.
Exercise regularly.
6.
Be happy.
Happy people fall ill less often.
In fact there are health conditions that are caused by unresolved resentment, bitterness and worry.
7.
Get and compare quotes from a wide range of insurers.
Different insurers have different loss and claims histories.
Furthermore, they also have different weightings for the different factors that are used to determine your rates.
Remember there are over 2,000 insurance carriers in the US alone.
This means that you might have 2,000 different rates for your profile.
Some will bill you more; some less.
Will you pay more or less? It depends on how many quotes you get and how thoroughly you compare them.