Why is car insurance more expensive for men?

Many people may be surprised to learn that car insurance premiums are higher for men than for women.

All other things being equal, men will pay at least slightly more on their insurance premiums but why is car insurance more expensive for men?

Insurance companies appreciate the business of drivers who will not cost them money, and so reward them with lower premiums.

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Why are men charged more for car insurance than women?

Because men under the age of 25 are perceived as being higher risk drivers.

The claim may seem like a sweeping generalization and unfair stereotype, but there is data to back up the research.

Statistically, men receive slightly more traffic citations and are involved in more accidents each year than women.

Men are also twice as likely to die in a car crash, indicating that accidents with male drivers are often more serious.

Why do men have more accidents than women?

Men may drive more aggressively: speeding, rapid lane changes, sharp turns, tailgating.

Additionally, men may learn to drive earlier, meaning that more teenage drivers are male, and all adolescent drivers are considered high risk due to inexperience if nothing else.

After a man turns 25, he can expect his insurance rates to go down automatically as long as he has maintained a safe driving record up to that point.

Consider Taking a Policy with a Higher Deductible

Auto insurance deductibles are the portion you are obligated to pay anytime you make a claim.

Anytime you have a higher policy deductible it reduces the risk to an auto insurance company, and your rates should decrease.

Once you have been with an insurance company for several years, your specific driving history will have more effect upon your rates than any stereotypical data about your age or gender.

Most insurance companies will lower the premiums of drivers with driving record free of accidents and citations; some even offer reduced deductibles in exchange for safe driving.

Consider Pay as You Go Auto Insurance

You may wish to try a “pay as you go” type of policy, especially if you do not put extensive mileage on your vehicle.

Mostly, this is a policy that tailors your premiums to your specific driving habits including how many miles you drive and whether you drive aggressively.

You will be asked to install a specific software into your vehicle that will track your driving habits, and your rates will be updated to reflect your habits.

While men are considered high-risk drivers, the cost difference is usually quite low between genders; rates depend more upon recorded driving history than any other factor.

Safe drivers will always be valued above those at high risk, and the longer an individual’s clean driving record, the more competitive his rates will continue to be.

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