Gender differences and automobile insurance acquisition

Edimilson Costa Lucas, Wesley Mendes-Da-Silva, Angela Christine Lyons

Research output: Chapter in Book/Report/Conference proceedingChapter


This chapter examines the associations between driver gender, risk behavior when driving motor vehicles, and the inclination to acquire automobile insurance. To inform this investigation, a random survey was conducted of 566 middle-class adults. By using nonparametric tests and logit models, the results suggest that even when controlling for other variables, women feel a greater need than men to have automobile insurance in the event of possible accidents under rainy conditions and to have access to driver support services. Women also tend to have more respect for speed limits in various situations, such as during the rush hour, on local roads and on highways. The results also showed that men feel safer than women when driving in more precarious situations: at night, in unfamiliar areas, after drinking, or when they are tired. These results, while contributing to the theoretical development of road traffic and transportation safety, are of special relevance to the financial industry and the regulatory agency. The insurance industry may find these results particularly helpful in designing future policies and setting premiums.

Original languageEnglish (US)
Title of host publicationIndividual Behaviors and Technologies for Financial Innovations
Number of pages21
ISBN (Electronic)9783319919119
ISBN (Print)9783319919102
StatePublished - Jul 26 2018


  • Attitude toward driving
  • Gender differences
  • Insurance
  • Risk taking
  • Traffic safety

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)


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