When it comes to buying auto insurance, age and gender can affect rates.
Women tend to pay less for car insurance than men. and it should come as no surprise that young drivers pay more. age correlates with driving experience and car accident risk.
The high car insurance rates paid by young drivers start to decline at age 25. You’ll get the best rates between ages 50 and 60, assuming you have a good driving record. then auto insurance rates start to rise again around age 65.
average car insurance rates by age and gender
Is there a gender gap in auto insurance rates?
Our analysis shows that female drivers tend to pay less than male drivers.
As drivers age and gain more experience behind the wheel, the gender gap in rates shrinks to a negligible amount. In some age groups, women pay slightly more than men, but around age 35, the average rates are the same.
As drivers get older, women pay less again.
One of the reasons men tend to pay more than women for auto insurance is that men are riskier to insure. Men tend to drive more miles than women and are more likely to engage in risky driving behaviors such as speeding, driving under the influence of alcohol and not wearing seat belts, according to the Insurance Institute for Highway Safety ( iihs).
In almost every year from 1975 to 2019, twice as many men died in car crashes as women, according to an analysis by the United States IIHS. department of transportation fatality analysis reporting system. in 2019, 71% of all car accident deaths were men.
Seven states prohibit the use of gender as a pricing factor in auto insurance:
- north carolina
risky teen drivers pay significantly higher rates
Our analysis found that the average rate for a teen driver is about $6,800 per year when they have their own auto insurance policy. that’s an astronomical number compared to middle-aged drivers who pay a fraction of the cost.
If you’re the parent of a teen driver, it’s usually much cheaper to keep them under your own policy. Still, adding a teen driver won’t be cheap, so it’s a good idea to shop around to find cheap teen car insurance.
Inexperience and risky behavior make teens more likely to be in serious car accidents. Teen drivers ages 16 to 19 are nearly three times more likely than drivers age 20 and older to be in a fatal crash, according to the Centers for Disease Control and Prevention (CDC).
These are common risk factors for teen drivers:
- inexperience. Teens are more likely than older drivers to fail to recognize or underestimate dangerous road situations.
- driving at night and on weekends. In 2019, 40% of fatal car crashes among teen drivers and passengers ages 13-19 occurred between 9 p.m. and 6 a.m. m., more than half (52%) of fatal car crashes occurred on a Friday, Saturday or Sunday, according to the iihs.
- not wearing seat belts. teens and Young adults have the lowest seat belt use compared to other groups. Almost half (45%) of teen drivers who died in 2019 were not buckled up, according to the National Highway Traffic Safety Administration (NHTSA).
- Distracted driving. one in three teens who text admit to texting while driving, the nhtsa reports.
- speeding. in 2019, speed was a factor in 27% of fatal car crashes involving teen drivers ages 15 to 18, according to nhtsa.
- alcohol use. in 2019, 24% of drivers ages 15 and 20-year-olds who died in car accidents had a blood alcohol concentration (BAC) of .01 or higher, according to NHTSA. and 82% of those drivers had a bac of .08 or higher.
Related: Ways to Reduce Parental Anxiety About Teen Driving
car insurance rates for older drivers
As you turn 65, you can expect your auto insurance rates to begin to rise. our analysis shows that a 75-year-old male driver pays 21% more for car insurance than a 55-year-old male driver. and once you turn 80, there is another increase in rates starting at age 75 (an average increase of 9% for women and 12% for men).
As we age, the risk of being injured or killed in a car accident increases, which translates into higher auto insurance premiums.
Nearly 7,700 adults age 65 and older died in motor vehicle accidents in 2018, according to the most recent data from the CDC. More than 250,000 adults age 65 and older were treated in emergency rooms for car accident injuries. That equates to 20 older adults killed and 700 injured in car crashes each day in the United States.
nhtsa recommends that older drivers assess age-related changes in vision, fitness, attention, and their ability to react quickly to sudden changes. the usaa educational foundation, aarp and nhtsa have a guide to driving safely while aging gracefully to help older drivers recognize the warning signs of declining driving skills, with tips for remaining a safe driver .
tips to save on car insurance
Age and gender are just two of the factors that affect your auto insurance rates. Here are some proven ways to save on car insurance:
- Check it out. It’s smart to compare auto insurance quotes from multiple companies to find the best deal. auto insurance rates can vary widely between insurers for the same coverage and the same driver.
- ask about discounts. insurers have a wide variety of discounts on car insurance, such as price discounts forever. drivers, good students, vehicle safety devices, and purchasing multiple policies.
- Get rewarded for driving safely. Some insurance companies offer insurance programs based on usage, which track their driving behaviors and reward good drivers with better rates.
- enroll your teen in a safe driving course. if your teen completes a course approved safe driving license, you could save on your auto insurance. Here are some insurance programs that help teen drivers.
We use data from quadrant information services, an insurance data and analytics provider. rates are based on a driver with a clean record insuring a toyota rav4 with $100,000 bodily injury liability coverage per person, $300,000 per accident and $100,000 property damage liability, uninsured motorist coverage and any other coverage required in the state. the rate also includes collision and comprehensive with a deductible of $500.