Gender Differences in Attitudes Towards Driving and Demand for Private Insurance: Evidence from Middle Class Drivers

Transportation Research Part F: Traffic Psychology and Behaviour, Vol. 47, p. 72-85, May 2017
DOI/10.1016/j.trf.2017.04.022

Posted: 11 May 2017

See all articles by Edimilson C. Lucas

Edimilson C. Lucas

Getulio Vargas Foundation (FGV) - Sao Paulo School of Business Administration

Wesley Mendes-Da-Silva

Getulio Vargas Foundation (FGV) - Finance, Accounting and Controllership Department of Fundação Getulio Vargas (São Paulo, Brazil)

Angela C. Lyons

University of Illinois at Urbana-Champaign

Date Written: May 9, 2017

Abstract

This article examines the existence of associations between the gender of the driver, their risk behavior when driving motor vehicles and their inclination to acquire automobile insurance. To conduct this investigation a random survey was carried out with 566 middle class adults in 66 Brazilian towns and cities. By using non-parametric tests and logit models, the results suggest that even when controlling for other variables, women feel a greater need to have automobile insurance to protect themselves in the event of possible accidents under rainy conditions and also 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 driving in more precarious situations: at night, in unfamiliar areas, after drinking, or even when they are tired. These results, in addition to 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.

Keywords: Gender Differences, Risk Taking, Attitude towards Driving, Insurance, Traffic Safety, Behavioral Finance

JEL Classification: G22, L9, D8, J16, O33

Suggested Citation

Lucas, Edimilson C. and Mendes-Da-Silva, Wesley and Lyons, Angela C., Gender Differences in Attitudes Towards Driving and Demand for Private Insurance: Evidence from Middle Class Drivers (May 9, 2017). Transportation Research Part F: Traffic Psychology and Behaviour, Vol. 47, p. 72-85, May 2017
DOI/10.1016/j.trf.2017.04.022. Available at SSRN: https://ssrn.com/abstract=2965765

Edimilson C. Lucas

Getulio Vargas Foundation (FGV) - Sao Paulo School of Business Administration ( email )

Sao Paulo
Brazil

Wesley Mendes-Da-Silva (Contact Author)

Getulio Vargas Foundation (FGV) - Finance, Accounting and Controllership Department of Fundação Getulio Vargas (São Paulo, Brazil) ( email )

Sao Paulo 01313-902, São Paulo
Brazil

Angela C. Lyons

University of Illinois at Urbana-Champaign ( email )

421 Mumford Hall, 1301 W Greogry Dr
Urbana, IL 61801
United States
217-244-2612 (Phone)
217-333-5538 (Fax)

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