There are several factors that most insurance companies would consider to determine your car insurance premium. Factors like your age, location, and driving history would affect the amount you intend to pay. However, many individuals might seem shocked to know that your gender affects your car insurance rates. So the question asked is what gender pays more for car insurance?
Generally, the gender that pays more for car insurance is the male driver because they are more likely to get involved in an accident. Additionally, there’s a high chance that they could be intoxicated while driving. This article will discuss more on what gender pays more for car insurance by reviewing the average rate in various states and insurance providers.
Average Car Insurance Costs for Men and Women
The average cost of full coverage car insurance in the country is $1,391 for men and $1,340 for women per year, or $112 per month. This means that a man pays $51 more than women do annually, or 4% more. The gender stated on your driver’s license may not be considered by insurance providers in all states when setting your car insurance rate.
However, the following states prohibit an individual’s gender from affecting their car insurance rate:
- North Carolina.
- Hawaii.
- Michigan.
- California.
- Pennsylvania.
- Massachusetts.
- Montana.
Various states are putting pressure on car insurance providers to provide a third option gender that would let drivers self-identify on insurance applications. This makes them more accepting of transgender and non-binary drivers as a class gender.
Why Male Gender Pays More for Car Insurance
The reasons why specific people pay more for car insurance than others are not openly disclosed by insurance companies. However, insurance companies charge more for individuals who have a higher statistical chance of being in an accident or filing a claim.
In addition, the male gender pays more for car insurance because they are more likely to be involved in car accidents than young women or any other group of drivers. Young men might be more inclined to buy sports cars, drive fast, or take chances when operating a vehicle.
Car Insurance for Transgender or Non-binary Drivers
Insurance companies’ recognition of transgender or non-binary drivers might vary by state and company. Additionally, DMVs have shown gender according to the sex selections on birth certificates, and providers have used these selections to determine rates. For instance, someone who identifies as female but was assigned male at birth might designate female on their insurance application.
If everything else was equal, a lower rate might be offered to them. However, the insurer can adjust the premium if the person’s legal sex is male, as stated by the DMV on a birth certificate. Moreover, over 20 states had options for gender-neutral driver’s license forms as of mid-2022. To change your license’s gender, you might need to present documentation in some states.
How Males Can Save on Car Insurance
There are several easy ways for men to save money on car insurance, short of getting gender reassignment surgery and waiting until they are older when rates start to decrease overall:
Shop around
To get the best value, it makes sense to compare auto insurance quotes from several providers. For the same coverage and driver, car insurance rates can differ significantly between insurance providers.
Receive discount
Benefit from any discounts offered by your auto insurance provider. Moreover, make sure you’re doing everything you can to reduce your premium costs; we have seen savings for everything from annual policies to paperless billing.
Reward yourself for driving safely
Usage-based insurance programs are provided by certain insurance providers. In addition, these programs observe your driving habits and offer discounts to safe drivers.
Enroll your teen kid in a driving safety course
Your teen kid’s auto insurance premium may go down if they successfully finish an authorized safe driving course. Furthermore, some insurance plans could assist young drivers.
Remove the coverage
Comprehensive and collision insurance are probably not as important for older cars as they are for newer models. Find out more about the distinctions between comprehensive and collision coverage, or for additional thought-provoking information.
Bundling insurance packages
By purchasing homeowners’ or renters’ insurance, you can consider bundling these policies from multiple providers can result in cost savings.
There are a few other factors that affect car insurance costs in addition to the gender that is listed on your license. Generally, female drivers pay less for auto insurance. However, your residence, your insurance company, and your age all significantly affect your premium.
FAQs
Is car insurance affordable for females?
Yes, female drivers pay 4% less for car insurance than male drivers. For full coverage, women pay $1,340 annually, while men pay $1,391 on average.
What’s the average rate between a man and a woman?
The average disparity in full-coverage auto insurance premiums between men and women is approximately 4%. This means that men pay, on average, $51 more annually.