Male vs. Female Car Insurance Rates

Who pays more for auto insurance, men or women? Let's break down car insurance rates by gender.

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Is car insurance more expensive for men or women?

For most drivers, male and female car insurance rates are very similar: women pay $740 for a 6-month policy compared to the $735 paid by male drivers, on average. For young drivers, however, it's a different story. Men under the age of 24 pay an average of 14% more per year for car insurance than do women in the same age bracket. We'll explore the reasoning behind this discrepancy and review some easy ways to save when shopping for your next policy.

 

Who pays more for car insurance, men or women?

 


 

Car insurance premiums for young male and female drivers

No matter their gender, young drivers pay high car insurance premiums. Insurance companies consider young drivers more likely to take risks, drive dangerously, and file claims. These tendencies make young drivers more expensive insurance clients. As drivers age, their auto insurance rates typically drop accordingly.

Male vs Female Car Insurance Rates.png

The average male teen driver pays a little over 14% more for car insurance than a young female driver. Again, this reflects the risk exhibited by young male drivers. Insurers account for this additional risk by increasing young male drivers' premiums.

 

 

Car insurance rates too high? Shop & save!

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Car insurance premiums by gender — older drivers

After the age of 25, the difference between men's and women’s car insurance premiums amounts to what is essentially just a rounding error. On average, women paid less than 1% more than men in the same age group in 2018. The data insurance companies rely upon show women presenting a slightly greater risk than male drivers.

 

Gender
Average 6-Month Premium
% Difference
Male
$735
--
Female
$740
0.67%

 

The above data is a nationwide average. Currently, Hawaii, Massachusetts, Pennsylvania, North Carolina, California, and Montana do not use gender as a rating factor for car insurance premiums. However, women in Nevada pay nearly 6% more for car insurance than do the state's male drivers.

Although women paid more in 2018, data from 2016 showed men paid higher premiums, with a difference of 0.05% more than what women paid for car insurance. For drivers older than 25, the difference between car insurance premiums for men and women was insignificant.

 


 

Other ways to save on insurance

No matter your gender, saving money on car insurance is a must. Let’s outline some basic ways to save on your car insurance premiums.

 

Use your claims wisely

If you’re involved in an at-fault accident and are considering a collision claim, think about the numbers. On average, an at-fault accident will lift your insurance premiums by 42%. Most insurance claims and violations will stay on your record for three years, meaning you'll be on the hook for higher rates for three years.

Increase at 6 months
Increase at 12 months
Increase at 3 Years
+$309
+$617
+$1,851

 

Sometimes it makes sense to file a claim. Here’s how to tell:

  • Get an estimate at a local repair shop.
  • See our State of Insurance analysis and see how much an at-fault accident raises rates in your state. Remember: consider that figure over a three-year period.
  • Compare the premium increase plus your deductible to the out-of-pocket expenses. If it is cheaper to file a claim, go for it.

Learn more about when to file a car insurance claim.

Consider telematics/UBI insurance companies

Telematics are in-car devices that monitor the way you drive in order to better price your premium. Rather than using things that are indirectly related to your premium, such as your gender, telematics-based insurance offer policy pricing reflective of the following driving habits:

  • Your braking habits
  • Time of day driven
  • Speed of acceleration

In theory, if you're a safe driver you can save. Below are some advertised discounts by top companies in the US.

Program

Estimated Savings

Progressive SnapShot

Average of $130

Allstate Drivewise

Average of 10-25%

State Farm Drive Safe & Save

Up to 15%

Esurance DriveSense

Varies

Nationwide SmartRide

Up to 40%

Root Car Insurance

Varies

Metromile

Varies

Liberty Mutual's RightTrack

Average of 5-30%

GEICO DriveEasy

Varies

If you're looking for more information regarding telematics, see our full guide here.

 

Be smart with your coverage

Vehicles have an unfortunate habit of depreciating quickly. What that means for your car insurance is that the collision and comprehensive coverage you had on your 2009 Civic might not be necessary today. As a general rule, if your vehicle is worth less than $4,000, you no longer need this optional coverage.

If your vehicle is worth more than $4,000 but you're looking for ways to save, consider raising your deductibles. By raising your deductible, you can lower your premium.

Coverage Level
Average Annual Premium
Liability-only
$699
$500 Deductible
$1,470
$1,000 Deductible
$1,306

 

Look for discounts

While the below discounts are small, they add up. Contact your current car insurance company to assess your eligibility for the following discounts and programs:

  • Multi-policy discount
  • Good driver discount
  • Paperless discount
  • Payment by bank account
  • Paid in full discount (paying your premium in one payment)
  • Multi-vehicle discount

Learn more about popular discounts you can get on car insurance.

Shop around

At the end of the day, adding up discounts can only do so much. Sometimes you’re paying too much for car insurance because you’re with the wrong company. The best way to find cheap car insurance could be shopping around.

 

Compare rates and find the right policy today!

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