Like young male drivers, teen
female drivers pay a youth surcharge for their auto insurance coverage, usually until they are 25 years old.
As we've discussed before,
female drivers pay less for car insurance than their male counterparts.
Additionally, these charts show some insights as to why male and
female drivers pay different insurance rates.
Not exact matches
Young
female drivers are considered less risky than their male counterparts and so
pay less for car insurance; the effect is reversed for life and health insurance — women tend to live longer and utilise more medical services than men, resulting in higher premiums.
Washington, D.C. —
Female motorists with perfect driving records often
pay significantly more for auto insurance than male
drivers with identical driving records and other characteristics the insurers use to price auto insurance, according to new research by the Consumer Federation of America (CFA) released today.
Though the index of safe driving tends to vary and change with time,
females are considered to be safer
drivers than males, and young male
drivers often end up
paying about 40 % higher premiums than
female drivers.
By age 35, typically males will even
pay a bit less than
female drivers.
The bottom line is that if you are a young
driver (yes, even if you are a
female), you are going to need to be prepared to
pay more than what older
drivers pay.
A
female driver whose age, location and driving record is identical will
pay $ 898 if she has a clean record, $ 984 if she has had one ticket and $ 2,152 if she has a ticket and one accident.
Especially, male
drivers whose age is less than 25 years will
pay more for the car insurance when compared to
female drivers.
Our data, which looked at rates from 54 different insurance companies, showed that 19 year old male
drivers paid an average of 12 % more in car insurance premiums each year over their
female counterparts.
This seemingly indisputable fact is the subject of much discussion and more than a little misunderstanding; but not very many people have a solid basis for knowing why women historically
pay less, and how today's
female drivers are doing relative to women throughout the history of the automobile in terms of their insurance rates.
This regulation is unfair to both male and
female student
drivers who maintain a good driving record, since they must
pay as much for their student car insurance, same as the
driver who has a risky driving behavior.