Car Insurance By Age And Gender
This legislation follows in the footsteps of similar laws put on the books in the state for health care a decade ago.
Car insurance by age and gender. 71 of all car accident related deaths in 2012 were males. 03312015 1029pm edt updated december 6 2017. Car insurance for a 17 year old. Young females are thought to be safer drivers than their male counterparts according to the statistics gathered by insurance companies but a 19 year old female would still be paying 1930.
According to the study marital status is almost as significant in car insurance pricing as age and gender. Car insurance for a 19 year old. In ontario these continue though some other provinces find the practice discriminatory. On average a married 20 year old pays 21 percent less than a single 20 year old for the same policy.
While gender based car insurance may seem biased the following statistics provided by the insurance institute for highway safety iihs help explain why gender is a rating factor for car insurance. Unless you live in california hawaii massachusetts montana north carolina pennsylvania or some parts of michigan the gender on your drivers license is a factor for your premiums. Average car insurance rates by age and gender. First compare a few policies from top insurance providers in your area.
The numbers behind the rates. There is still plenty of statistical evidence. Age and gender have long been identifying risk factors. Heres what you need to do.
Heres a look at the average rates by age and gender. To see more details on average car insurance rates for teens see the following articles featuring rates by age state and gender. Average car insurance rates by age and state. Complete guide for car insurance by age and gender.
California makes it illegal to charge more for car insurance based on gender. Car insurance for an 18 year old. Why do car insurance prices differ by age and gender. Insurance companies base auto insurance policy costs on risk.
The average insurance premium for a 19 year old male in 2016 was 2154. Personal finance expert and award winning author. Every factor that may serve as a predictor for involvement in insurance claims is weighed into the risk equation. The number of drivers who died in a fatal car accident was 50 higher for men than women in 2008.
In housing and lending the federal government prohibits discrimination by race color national origin gender age religion marital status and whether you receive income from public assistance but it leaves car insurance regulation to the states.