Auto Insurance Premiums Tend To Be Higher For Young Single Males Because They
Do males pay more for car insurance.
Auto insurance premiums tend to be higher for young single males because they. Still that means our young man would be paying nearly the premium. A 25 year old male will pay the highest rates followed by a 25 year old female. Place your zip code into the free toolbox right now and save by receiving the best car insurance rates. No fault auto insurance means.
Each policyholders insurance pays a portion of the damages regardless of fault. There are a few reasons why young males pay the most expensive auto insurance premiums these days. Fortunately there are ways to keep teen car insurance rates low. The younger the driver the higher the rates could be the motto of auto insurance.
The average cost of a car insurance policy meeting only the minimum requirements of each state is 937 per year or 78 per month. Liberty mutual factors your age into the premiums youll pay. When both kids hit age 21 their insurance premiums would drop dramatically to 2696 a year for him and 1824 for her. Men typically pay for more for car insurance than women in general.
Car insurance companies take this into consideration when determining how high a risk it is to insure teen drivers. Young people between the ages of 16 and 25 have some of the highest insurance rates and young males pay much more than young females. As drivers age their rates tend to drop unless the driver. Historical statistics prove young males have certain characteristics that most auto insurance companies consider risky and this results in increased auto insurance premiums for that driver type.
Rates decrease at different times with different insurers but generally your rates. Auto insurance premiums are higher for young single males than for most other drivers. A floater is a form of insurance that covers specific items wherever you take them. We pulled insurance quotes from six major insurance companies and averaged the premiums so you have an accurate estimate of what it costs to insure the car of your.
Weve broken down costs by location company policy. An auto insurance policy discount available to young drivers who earn good grades in school. The average cost of a car insurance policy is 2390 per year or 200 per month when averaged across states for our sample driver with a full coverage policy.