Does Auto Insurance Cost Less for Women?

The differences between men and women are hot topics of discussion, but do these differences extend to the amount that each group pays for car insurance? And why would there be a difference in premiums between these two groups?

Do women pay less for auto insurance?

Of course, this question cannot be answered in absolute terms, but it does seem to be the general trend that women pay less for auto insurance. All things being equal, women ages 18 to 25 pay among the lowest rates for auto insurance when compared to an 18- to 25-year-old man.

Find out how your gender may help you save money on auto insurance. Request a free quote today!

Why is there a difference in auto insurance between men and women?

The difference exists because of the statistical advantage of women. Speaking in generalities, men have more moving violations and car accidents than females of the same age group. This documented tendency toward more aggressive driving habits makes males a greater risk to the insurance company, and when any group is a greater risk, that group will pay more for car insurance. However, if there was a woman with multiple violations and a man with a spotless driving record, then the man would end up paying less for car insurance. In the end, it's all about risk.

Another statistic that weighs in on this issue is that men tend to drive more than women. The more time someone spends on the road, the greater their chances of having an accident. This could be advantageous to men later in life, because some insurance companies offer lower rates for men who have spent more time behind the wheel.

In general, women pay less. It is all about the statistics. If the statistics change, then so will the amount that each group pays. In the meantime, whether you're male or female, you can request a free quote for auto insurance right here today!