When you combine this factor with the one above, you can see why young
male drivers pay the highest auto insurance rates around.
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.
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Additionally, these charts show some insights as to why
male and female
drivers pay different insurance rates.
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.
It's no secret that young
drivers, especially young
male drivers,
pay some of the highest auto insurance rates.
California
drivers pay, on average, $ 491 a year for minimum coverage, assuming a
driver profile of
male, age 40 with good credit and clean driving record, according to our rate analysis.
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.
Male drivers will also traditionally pay more due to studies that show they are involved in more accidents than women are, so young male drivers are hit tw
Male drivers will also traditionally
pay more due to studies that show they are involved in more accidents than women are, so young
male drivers are hit tw
male drivers are hit twice.
As we've discussed before, female
drivers pay less for car insurance than their
male counterparts.
In Hialeah, FL, one of the most expensive cities in the U.S. for insurance, a 26 - year - old
male driver with a clean driving record might
pay an average of $ 3,272.
Therefore, if a women
driver has more traffic violations to her driving records she is bound to
pay higher premium rates as compared to
male drivers with a better driving record in the same age group.
Like young
male drivers, teen female
drivers pay a youth surcharge for their auto insurance coverage, usually until they are 25 years old.
In Pueblo County, Colorado, for instance, a newly licensed
male driver with no blemish on his driving record and driving a 2003 Honda will
pay $ 1,101 for a six - month policy.
For instance, a
male driver under 24 must
pay an average of around $ 2,000 for a six - month insurance premium, while the same insurance policy will cost roughly half as much if the insured
driver is between 25 and 29 years old, according to CarsDirect.
Especially,
male drivers whose age is less than 25 years will
pay more for the car insurance when compared to female
drivers.
For instance, it's well understood a 20 - year - old
male driver will most likely
pay more for insurance... more
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.
Male students below 25 years of age pay the most, since insurance statistics show that young male drivers drive their cars more often and have an increased risk of being in auto collisi
Male students below 25 years of age
pay the most, since insurance statistics show that young
male drivers drive their cars more often and have an increased risk of being in auto collisi
male drivers drive their cars more often and have an increased risk of being in auto collisions.