My Premium is HOW high?
If you're a young driver, you probably understand the struggle of finding cheap car insurance. But if you're a young male driver, you really understand the struggle. Young male drivers are, on average, the most expensive clients to an insurance company for a couple of reasons. Firstly, their age range raises a lot of concerns for insurance companies, as young drivers (regardless of gender) are less experienced drivers and thus more likely to file a claim. Next, insurance companies see male drivers as more likely to engage in dangerous behavior when it comes to driving — speeding, running red lights, being less likely to check for merging cars, etc. For insurance companies, more risks always equal more premium owned.
Now, while the difference between genders decreases as drivers age, and some states don’t factor gender in their rating, there are still noteworthy differences in some cases. So, what’s the deal with young dudes and car insurance?
Average Annual Premiums for Young Male Drivers
||Avg. Annual Premium
When we talk about young male drivers, we’re talking about talking about the range specified in our chart above: drivers between the age of 16-25. As we stated, insurance companies see young men in this age group as expensive clients and charge accordingly for them. At 25, for both men and women, we see a considerable drop in car insurance premiums. This has to do with the way car insurance companies view the life event of turning 25 (something about being more responsible and such). Between the ages of 24 and 25, you’ll see almost $300 in average annual savings. So, take a breath and understand that, as long as you keep your record as clean as possible, you’ll be able to see some savings eventually. In the meantime, we can help.
Because insurance companies see 16-25 year olds as little walking claims waiting to happen, it is imperative that you keep your record clean. Avoiding tickets, accidents, or violations of any kind will help keep your premiums as cheap as possible.
Keep your driving record clean
Look for discounts like:
Defense Driver DiscountInsurance companies see young drivers who have taken a defensive driving course as less likely to receive a citation or get into an accident. The exact requirements and specifications for this discount vary, so consult your insurance company for details!
Good student discountIf you’re a student and a GPA above a 3.0, you should speak with your insurance company about a good student discount. Usually, your insurance company will require you to submit a transcript every 6 months for proof. Just like the defensive driver discount, the exact amount varies per insurance company so speak with them to get the cheapest rate possible.
Chose a moderate vehicle
A 16-year-old boy with a 2017 RAM 1500 is definitely going to pay more than the same kid with a 2009 Mazda 3. While you (or your son) sees a truck as cool, your insurance company sees it as a high-performing vehicle with a prolific ability to increase a payout. In keeping with this idea, vehicles with a high MSRP tend to be more expensive to insure as well as they are more costly to repair and replace.
Stay on your parent’s plan
Fair or not, insurance companies see young male drivers as risky investments and anytime there is a risk for an insurance company, there will be a monetary cost. While you wait to turn 25 to see the real savings, there are some things you can do in the meantime to keep your monthly insurance fairly cheap. Keeping your driving record clean, looking for discounts where possible, and staying on your parent’s insurance policy wherever possible as surefire ways to see some savings.
We encourage drivers of all ages to shop for car insurance every 6 months. Only with The Zebra can you compares hundreds of car insurance companies at once to make sure you're getting the cheapest possible rate. Shop here.
Fair or not, insurance companies see young male drivers as risky investments and anytime there is a risk for an insurance company, there will be a monetary cost. While you wait to turn 25 to see the real savings, there are some things you can do in the meantime to see some insurance savings. Keeping your driving record clean, looking for discounts where possible, and staying on your parent’s insurance policy wherever possible as surefire ways to see some savings. Still, the biggest way to see if you could be getting a better rate elsewhere is to compare. Use our tool here to compare over 200 different companies at once.