2024 Best Age And Gender - Auto Insurance A Plus Insurance (2024)

FAQs

Will the age and gender of a driver affect their insurance rates? ›

In general, car insurance companies charge male drivers more for coverage because they're more likely to get into accidents. But while most states allow insurers to consider gender when setting rates, your age, location, insurance provider and driving record usually make a bigger difference.

Young drivers ages 16 to 24 tend to have the most expensive car insurance. Drivers in this age group are often inexperienced and are more likely to get into car accidents and file insurance claims. As a result, car insurance companies often charge higher premiums to young drivers.

Men tend to pay more for car insurance overall, though the difference is slight — about 1%. The difference is most pronounced for teens and young adults.

Based on our research, car insurance costs the most for 16-year-olds. Young drivers can pay thousands of dollars more than older, more experienced drivers. Car insurance rates decrease in your 20s and can continue to go down into your 50s.

Experienced drivers are less likely to have accident claims, which means they cost less to insure. At Progressive, the average premium per driver tends to decrease significantly from 19-34 and then stabilize or decrease slightly from 34-75.

Insurance companies often see young drivers as a greater risk because they are more prone to accidents and poor decision-making — both of which raise the potential cost of claims that need to be paid out by insurers.

Maintain a good driving record

Not only do you prevent expensive speeding tickets or other moving violation costs, you also help keep your insurance rates lower by proving you're a less risky driver. Additionally, if you have a claims-free or violation-free history, you can receive additional discounts.

Credit history: Insurance providers view drivers with low credit scores as higher risks, so they often pay higher insurance premiums in most states. Gender: The average car insurance cost for men is generally higher in most states because men tend to get into more car accidents than women.

Hagerty, Grundy, American Collectors, American Modern and Heaco*ck provide the best car insurance for old cars. These companies are the best options for classic car insurance because of their fair rates, accessibility and experience in the industry.

Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age and your driving record.

Does car insurance go up as you age? ›

Over the years, premiums generally decrease as drivers gain more experience behind the wheel. But as drivers reach their senior years, premiums can creep back up. In general, this is due to risk factors associated with each age group.

Does being married get me better car insurance rates? Yes, married couples typically pay lower premiums than single people. In general, insurance companies view married people as financially stable and safer drivers.

Age is one of the most important factors insurance companies consider when coming up with a car insurance quote because young people have less driving experience. Drivers under the age of 25 tend to pay the highest car insurance rates. Rates start to increase again after age 60.

Your Progressive rates may increase after six months depending on a number of factors. Like other car insurance providers, Progressive will typically raise your rates if you receive a speeding ticket or moving violation, cause an accident or make comprehensive insurance claims.

If you buy directly from a Progressive company, your car insurance price reflects the cost of staffing and maintaining the sales centers, and a larger portion of our marketing costs.

These states have banned the use of gender to set car insurance premiums: California. Hawaii. Massachusetts.

Your age: Typically, older drivers are involved in fewer accidents than younger drivers. Because of this increased risk, insurance companies charge more to insure drivers under the age of 25.

However, many insurance companies reduce premiums for female drivers slightly earlier — from the ages of 21 to 25 Then as men hit 25, their premiums come back in line with the drop that female drivers have already experienced. Still, when all is said and done, women in many states pay more.

Absolutely. Insurance companies can use your credit score, age, location, driving record and the type of car you drive to deny your request for car insurance coverage.