Gender identity and car insurance: what to know
While many U.S. states recognize non-binary gender identity on official driver's licenses and IDs, the auto insurance industry has been slower to adapt, continuing to use gender as a rating factor when pricing policies.
Currently, the below states require auto insurance companies to either offer non-binary gender options on insurance applications or require companies to discount gender as a rating factor:
Learn more about the current state of gender-based pricing in the car insurance industry.
How gender is used as an auto insurance rating factor
CAR INSURANCE RATES FOR MALE AND FEMALE TEENAGE DRIVERS
|Gender||Avg. 6 Mo. Premium||Avg. Monthly Premium|
While a car insurance policy priced without gender taken into consideration might not affect older drivers, the stakes are higher when a young driver is involved.
For an insurance company, it is hard to predict the risk a non-binary individual will present, as opposed to a driver identifying as female or male. It's hard for an insurer to provide a non-binary gender option to their client until a gender-neutral driving risk baseline is established.
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