Men tend to pay more for car insurance overall, although the difference is slight, around 1%. The difference is more pronounced between teenagers and young adults. In many states, it's a general fact that men pay more for car insurance than women in general. Statistics show that men generally drive at greater risk, causing insurance companies to charge more to insure them. However, this is not the case in every state.
The cost of car insurance depends on several factors, such as the location of the vehicle, the status of owner, and gender. However, once a driver turns 25, their car insurance rates are often lower, and men and women with the same driving record can expect to pay about the same. For vehicle and driver, anti-theft devices also help, especially if a vehicle appears on the list of the 10 most stolen cars and trucks. A study that analyzed more than one million auto insurance quotes found that states that allowed gender to be a factor in determining rates generated 10% higher premiums for men than for women.
While women pay more for their car insurance premiums on average, less than 1 percent more than what men pay, this situation is reversed when compared to young drivers. Regardless of their gender, younger drivers will pay more for their car insurance premiums than any other demographic group, according to the HuffPost.
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