How Gender Affects Auto Insurance Rates

What affects the auto insurance rate quotes I receive? Depending on state laws, which can restrict the type of information an insurance company may use, these factors will usually affect your rates: Who you are: Age, gender, marital status, ZIP code, number of years you’ve been licensed, homeownership, occupation, education and even grades

A motorist's gender is commonly used as a rating factor by insurers when determining an applicant's premium, and although debated as a discriminatory practice and even banned in some states, there are statistics that support the reasoning of why males are generally charged more than females for auto insurance.

Age, gender, and marital status are important considerations, but they’re not the only elements that get factored into your auto insurance rate. Here are a few more: Here are a few more: Driving Record: Depending on the violation, a single speeding ticket can increase your auto insurance rate by …

How Insurance Rates Change Depending On Age And Gender There are several factors that can determine your auto insurance rates. Some factors you can control, like driving without any accidents or tickets, but others, like gender and age, are uncontrollable and based on statistics gathered by the insurance company.

One of the factors that influences the price of insurance is your gender. Women pay less than men, although insurance companies take into consideration the risks associated with each person.

How Age Affects Car Insurance Rates As car insurance companies calculate your premiums, they may place a large stock in your age if you or another driver in your household is …

Gender change and the impact on auto insurance rates. Wow! That's a tough question even for me...a broker with 34 years of experience. Typically, your driver's license indicated your sexual orientation, although it is a bit unofficial.

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 pay out a claim on your behalf). These include: Your car's make, model, and …

How Gender Affects Car Insurance Rates How much each gender pays also is significant. Over a lifetime, males will pay around 12% more than females, though the price difference varies by age.