How Gender Affects Auto Insurance Rates

Here is how car insurance rates ... and others don’t allow companies to penalize you based on your age or your gender. ... What affects the auto insurance rate ...

Your auto insurance rate is affected by your gender, your age, and several other factors. Find out what's helping you and what's hurting you.

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 ...

In the United Kingdom, women pay a little more for their car insurance. For them, car insurance costs 24 percent more than men, in part because of the equality laws of the …

Risk exposure is a great factor for determining affordable auto insurance rates, thus the auto insurance companies charge more from males for their premiums.

For instance, a 60-year-old single male driver is paying, on average, 59 percent less for auto insurance than his 20-year-old counterpart. The difference for women is 51 percent. "This all comes back to (driver) experience," Barry says. However, don't expect your insurance rates to drop at midnight on your 25th birthday.

Learn why auto insurance premiums are affected by a motorist's gender. Reasons that car insurance rates can generally be higher for males than females.

Many things affect your auto insurance rates, but can you lower them? See these factors to learn how your car insurance rate is determined.

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 year. Your driving record. Your credit history. Your age.

Insurance companies base auto insurance policy costs on risk. Every factor that may serve as a predictor for involvement in insurance claims is weighed into the risk equation. Age and gender have long been identifying risk factors. In Ontario, these continue, though some other provinces find the practice discriminatory.