How Does Gender Affect Auto Insurance Rates?

Auto insurance rates are determined based on a variety of factors, including gender of the driver.  These rates can vary over time by an average of 11% by gender, according to a recent Wallethub analysis.

Historically....

...men have typically paid higher auto insurance rates than women because men are more likely to engage in risky driving behaviors, such as speeding or driving under the influence.

For drivers between the ages of 16 and 25, auto insurance rates are generally highest for young men. because they are more likely to be involved in car accidents and to receive traffic violations.

As drivers reach their mid-twenties and gain more experience on the road, the gap between men and women's insurance rates tends to narrow.

Once drivers reach their thirties and forties, the gender gap in auto insurance rates becomes less significant. This is because both men and women in this age group have typically gained significant driving experience and are less likely to engage in risky behaviors on the road.

As drivers move into their fifties through seventies, the gender gap in auto insurance rates may begin to shift in favor of women.  Older men may be more likely to engage in risky driving behaviors due to declining health or cognitive function, increasing their risk of accidents.
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Gender is just one of many factors insurance companies consider when determining auto insurance rates, so definitely work with an independent insurance expert to get the coverage you need at the best possible rates,