How Gender Affects Auto Insurance Rates

Auto Insurance Rates Continue to Plummet as Males Age. The auto insurance rates in California for males continue to drop with a 40-year-old male paying about 41 percent less than a 20-year-old. Premiums start to stabilize at around the age of 60, with an average premium difference of about 59 percent when compared with a 20-year-old male.

The debate about gender and auto insurance rates has raged on since the 1980s. In 1985, Montana was the first state to implement "unisex" insurance legislation. That law required that insurers offer the same prices and benefits for auto insurance, regardless of gender.

According to Mike Barry, spokesman for the nonprofit Insurance Information Institute, insurers have long been interested in the way marriage, gender and age may affect insurance rates -- and the general consensus has been resounding.

Nearly all states allow insurers to set auto insurance rates based partially on gender. This process can increase your rates depending on your age and gender.

How does gender affect life insurance rates Susan Manning - Last updated: Mar. 27, 2019 Gender can play a significant role in how much you pay for life insurance.

Auto insurance is necessary for most drivers in the U.S. While several factors will affect how much you'll pay, age can have a big impact on the cost of auto insurance.

The Effect of Gender on Car Insurance Rates Car insurance companies take a look at many factors to determine how much risk they'll face when insuring you (meaning how likely they are to …

Does age affect car insurance rates? Age can have a major effect on auto insurance. Ontario’s insurance system makes precise numbers difficult, since insurers each have their own ways to underwrite policies.