Auto insurance actuaries make generalizations about groups of people to help them determine auto insurance rates. Though it sounds surprisingly un-PC, your gender can generally predict driving behavior and, hence, how likely you are to be involved in an accident. And in spite of the stereotype of the ditzy female driver, you might be surprised to learn who pays more for car insurance. Ready?
Generally, males between the ages of 16-25 pay more for auto insurance than females the same age. It may seem like gender discrimination but there are good reasons why:
- Males typically drive more than females. The more miles you drive, the higher your chances are for accidents and auto insurance claims.
- Young males take more risks behind the wheel. Insurance companies charge inexperienced drivers — both male and female — higher auto insurance rates since they’re more likely to file an auto insurance claim or get a speeding ticket sometime during their young driving careers.
- Young adult males push their limits behind the wheel. As a result, men are more than twice as likely to die in car crashes as women.
However, male drivers can look forward to more equitable car insurance rates with their female counterparts as they mature. (Assuming they survive their young risk-taking days.) As their driving experience grows, males will find that they pay less for auto insurance — especially with a good driving record and few to no auto insurance claims.