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This man actually changed his gender to female to save 25% on insurance

1y ago

101K

So it's not a myth that you get cheaper insurance based on certain criteria but this just amazes me to the next level.

A man in his early twenties from Canada posted on reddit that he bought a new car on finance where the requirement is that you need to have it insured including collision insurance during the process. So when he rang up an insurance company, who quoted him $4517. To which he was disappointed and also stated that he only had few speeding tickets and a minor collision so it shouldn't be that high. He then went on to ask the insurer “Out of curiosity, how much would my premium be if I was a woman?” to which the insurer came back quoting $3423 making it a difference of $1094!

This man also states that the insurer added on "Oh it’s not just us who discriminate, it’s all insurance companies.” The insurer explained to him that it is illegal to discriminate on the basis of gender when it comes to basic auto-insurance. When it comes to collision, however, it’s still legal to discriminate against genders on the basis of contrast in driving-statistics. So this man being a curious being, began asking more questions and digging deeper into what would happen to his auto-policy if he did change his gender. The broker assured him that they would re-adjust his auto-policy on the day his gender changed. Right then and there he was determined to change his gender, which he did... as you will see below

He ended the thread by saying, "I am now a woman. I wasn’t one last year. As you could see, I received my new birth certificate that states I am officially a woman. After I changed my gender on my driver’s license (and also my Alberta Health care coincidentally) I called up my insurance company and they adjusted my rate. I now pay $1100 less for auto-insurance. I won. The end."

Talking of insurance and the bizarre algorithms, in UK apparently you pay more if your name is Mohammed. Do write in the comments below how the insurance works in your country and if there are such differences depending on what you type in the form

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