Women in Canada Pay 5% Less for Auto Insurance and 25% Less for Life Insurance Than Men 3816762268780510832-blid-2201664023623883503

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There are many rumours about the differences in insurance premiums for men and women. InsurEye Inc. analyzed insurance premiums of Canadians across the four most populated provinces. The outcome was quite clear across all major insurance types: Home, Auto, Life. On average, women in Canada pay 5% less than men for Auto insurance, 8% less for Home insurance, and even 25% less for Life insurance. What are the reasons for these differences?