Car Insurance for Men

Car Insurance for Men

Gender is a major non-driving factor that influences the auto insurance rate. Based on statistics, it is proved that men likely display dangerous driving habits compared to women. Therefore, there is an apparent disparity in car insurance rates among men and women.

For example, the general difference between male and female drivers can go up to $700. However, age also acts as an equal force when considering the car insurance rates of any gender.

Younger drivers, particularly teenagers, pay exponentially higher insurance rates. If you are a male teenage driver, then rates will be higher than the female counterparts of the same age group. For example, male drivers pay an average of 10% - 14%more for their car insurance between the ages of 20 and 24 compared to female drivers of the same age group. However, with the increase in age, the difference in rates among genders reduces.

Why do car insurance rates depend on gender?

Gender-based insurance has always been a reason for criticism. However, there is a common opinion that auto insurance rates should be based on an individual's driving history and not on their gender. Even though a few states do not consider gender to calculate the insurance premium rates, the majority do, and here we look at the possible reasons for the dependence of auto insurance rates on gender.

Lack of experience among young drivers

The inexperience and the urge to drive swiftly are seen higher among teenage drivers and particularly among males. The crash statistics tend to prove it as well. This is one of the reasons for higher auto insurance rates for males.

Distracted and unbuckled driving practices

This is also applicable to young male drivers. Speeding, texting while driving, and driving without seat belts on are prevalent among teenage drivers.

Accident Statistics

According to an IIHS analysis of the U.S. Department of Transportation's Fatality Analysis Reporting System, men died in crashes twice as often as women from 1975 to 2019. Also, 71% of 2019 crash deaths were men.

Credit Checks

Credit checks affect men's insurance rates more than women. Low-income men pay 15% more in credit check states than in states without them, while women pay 13.3% more. In no-credit-check states, low-income men pay $14 more per month than women and $20 more in check states.

Thus, credit checks also increase the disparity in auto insurance rates between men and women.

Average Car Insurance Premium Rates

The insurance rates for men from the age group of 16 to 70 vary based not only on gender but also on age, driving history, and other non-driving factors like location, model and make of the car as well. Here we look at the average car insurance premium for different age brackets and the difference in rates between men and women.

Average Car Insurance Premium for 16 to 19-Year-Olds

The drivers falling under the teenage age bracket are risky drivers, and male teenage drivers tend to pay $56 more than teenage female drivers.

Average Car Insurance Premium for 20 to 24-Year-Olds

As a young adult, the insurance rates tend to be lower than that of a teenage driver. However, the difference between a twenty-year-old male and a female driver is about $17.

Average Car Insurance Premium for Drivers Older than 30 Years

Though there might be menial differences, as the drivers grow older, the insurance rates of male and female drivers tend to converge. Statistics show that the difference reduces to 2% if the driver is a 30-year-old. As age progresses, we observe a decrease in the insurance rates for men.

Cheap Car Insurance for Male Drivers - By Company

Since the insurance companies calculate the premium based on various criteria, the average auto insurance rates will vary with each provider. Among the insurance companies studied here, State Farm and Erie provide the most affordable rates for male drivers.

How to find cheap car insurance for men

Shopping around for insurance quotes with different providers can give you a head start on getting the affordable option for a male driver. There are several other hacks you can follow to reduce insurance premium rates.

• Compare and Purchase

Thorough online research can help in choosing the best insurance provider that suits your needs. This will aid you in shortlisting the providers from your location that offer affordable rates. Way.com helps you navigate through this task much easier, helping you finalize the best coverage possible.

• Delay your License

If you are a teenage male driver, this might not seem to be a welcome move. But considering the car insurance premiums for teenagers, there can be a considerable reduction in the rate if you are an older driver. However, one can always make use of good student discounts and bundle your policies to reduce the premiums.

• Increase your Deductible

Even though a higher deductible can reduce your accident claim, it can also reduce vehicle insurance premiums. To make it a feasible option, compare deductible alternatives to discover if a reduced deductible delivers savings, then choose one that meets your budget and comfort level.

• Look for Discounts

Always look for discounts when you are purchasing insurance. Most providers give multipolicy discounts, telematics discounts, good driver discounts, and bundling discounts. This can make a huge difference in the premium rates.

• Maintain a Clean Driving Record

Clean driving history is the key to avoid exorbitant insurance rates. Speeding, DUI charges, and other violations have a serious impact on auto insurance rates.