At a dinner party last weekend, my husband's relatives saw multiple small dents on our car and took no time to conclude that each one of them were my job. smiled inwardly.

Regardless how women are stereotyped as being worse drivers, we are presented with a cheaper car insurance premium compared to men.

At the risk of feeding the troll on the evergreen debate for this bias, I thought I would indulge a little by sharing some observations gathered from a GoBear study which delves into the average difference in the price of car insurance between women and men

Traditionally, men have been viewed as hardier, stronger and a whole lot better at driving than women. That’s why you’ll be surprised to find that years of studies have revealed the exact opposite to be true: Men have been observed to have been involved in more car accidents than women, and insurance companies are taking note.

A possible explanation for this verdict is that men and women get into different kinds of accidents because of the way they drive. According to Insurance Institute for Highway Safety (2015), the ratio of male to female reckless driving is 3.41 to 1. This recent statistic has debunked the stereotype that men are “kings of the road” and women are “road hazards”.

Men have also been known to take more risks on the roads. To start with, men are about 10% less likely to wear a seat belt than women, which is part of why they are more likely to sustain injuries in the first place. A report by The National Highway Traffic Safety Administration also shows that men speed more than women, as seen by how speeding was the cause of death for 24% of fatal accidents for men, as compared to just 15% for women. According to Insurance Institute for Highway Safety (2015) the fatal car crash for male, regardless of age, are higher than female.

Insurance companies, concerned with having to fork out exorbitant car damage fees and hospital bills, are hence likely to take both the chances of accidents and the severity of accidents into consideration when figuring out how much to charge for an insurance policy.

For this reason, men typically have to pay more for the same car insurance policy as compared to women. GoBear statistics show that the average difference in the price of car insurance for men and women is 5% to 7%. Although this might seem unfair, it is the price that men have to pay for being perceived as more reckless, and for good reason too, given that approximately 71% of drivers killed on the roads are men, according to the Insurance Institute for Highway Safety.

But men, take heart, you’ll be relieved to know that while gender does play a part in affecting the price of your car insurance, it is not a primary influencing factor. Other factors like your personal driving record and claims history play a much bigger role, which means that a safe-driving man may still pay less than an accident-prone woman.

Find out what price differences you could be looking at on easy to use insurance comparison websites like GoBear who can help you sift out the best deals and prices and better coverage for your car insurance.