Why is it sexual discrimination for Motor Insurance Cos to charge females higher premium when the same does not apply when Life Insurance Cos charge males with higher premiums, hypocritical, eh?
by 
Masculinist
ANSWERS: 1
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Insurance companies us actuary tables, or a collection of facts and figures gathered by surveying the population, to understand what risks are associated with which demographic group. The company can then understand that, for example, a young male who is new to driving a car is more likely to have an accident than an older female in the same type of car. Thus, she gets lower rates offered to her than him. A young woman who smokes is more likely to have complications from cancer than a young man who does not -- so he is offered lower rates. It is not that the company is discriminating against gender as much as they are discriminating against demographics.
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