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Best Disability Insurance for Female Doctors
March 26, 2019

Best Disability Insurance for Female Doctors

Do Female Doctors Pay More for Disability Insurance?

According to insurance companies, it is more expensive to insure a female physician than a male physician. While insurance companies take on a multitude of considerations for coverage, gender plays a rather big role in insurance costs. Below are a number of interesting facts pertaining to disability insurance and women.

Why Women?

Disability insurance companies rely on statistics and facts to determine which groups of people are more likely to require care for disabilities. An obvious factor is occupation, and physicians — especially those working in emergency care situations — are more likely to be injured than the public at large. Earnings are also tied to the amount of insurance necessary to keep an individual or that individual’s family out of serious debt in the event of a long-term disability. Gender also is a significant factor.

Women are more likely to consult a doctor for an illness or other medical problem. Men — even physicians — tend to go to the doctor as a last resort and are therefore less likely to file insurance claims. Because more claims are filed by women, it is more expensive for insurance carriers to insure females than males. Similarly, women also file claims earlier in their careers than men.

Supported by Statistics

When compared with men, women have higher incidences of anxiety, arthritis, rheumatoid arthritis, autoimmune disorders, depression, pregnancy, and childbirth. According to a recent State Farm Center for Women and Financial Services at The American College study, between 1999 and 2009 the amount of Social Security disability applications submitted by women escalated 72% while applications submitted by men increased at a much lower rate of 42%. Additionally, women have a 24% chance of becoming disabled for 3 months or longer during their working careers, and a 38% chance exists that the disability lasts five years or longer.

Because women are much more likely to utilize insurance than men, the premium is higher, and over a 30-year career, the difference in premiums can be significant for female physicians. Fluctuating rates make it critical to work with someone who looks out for your best interest. At Doctor Insurance Group, we can help you find the best disability insurance for female doctors.

We can assist you in finding the best coverage, at the lowest prices. To speak to one of our True Own Speciality Disability insurance coverage specialists, give us a call at 800-997-0148 or

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