Car Insurance For Men
Car insurance companies consider a variety of risk factors before ultimately providing a quote to a potential customer. The main factors analyzed by insurance companies to determine appropriate car insurance premiums typically includes the following: geographical location, age, gender, marital status, years of driving experience, driving record, claims history, credit history, previous insurance coverage, vehicle type, vehicle use, miles driven annually, along with the coverages and deductibles requested. While some of these factors seem perfectly reasonable, others such as gender can oftentimes spark debate.
As with all other factors, car insurance companies rely on statistics in determining the affect of gender on premiums. While there are some states (Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania) that do not allow gender to affect rates, most states allow insurers to adjust premiums appropriately with respect to crash statistics. Who do auto insurance companies think are more of a risk to insure? There is no simple answer to that question. Car insurance for men will typically be more expensive then that for women of the same age.
The cost differential between car insurance for men and comparable coverage for women is rather large for younger drivers. According to an analysis performed by CoverHound, an 18-year-old male living in Nevada would pay approximately 51% higher than his twin sister assuming all other factors are identical. Why is there such a large disparity in pricing? Young men typically drive more aggressively and thus get into more accidents then young women. As men mature and some learn there lessons the hard way (after multiple costly speeding tickets and accidents), their rates tend to close the gap with women drivers of the same age. While these trends are often the norm, in some states roles can even reverse . In states such as Washington, Illinois, and Texas, women pay 2-5% more for car insurance than men between age 35 and 50. One plausible explanation for this trend is the added distractions of chauffeuring around children. Regardless, gender based "discrimnation", particularly for men seeking the best deal on car insurance is largely unavoidable.
Despite oftentimes starting at a disadvantage when shopping for car insurance, men can take advantage of other opportunities provided by many insurers to lower rates. Discounts can obtained for drivers with a clean driving record, a history of no claims or accidents, home ownership, advanced degree, as well as a variety of other factors that point to an individual with reduced risk.
Perhaps the best advice when seeking out the lowest rate on car insurance for men is to simply shop around regularly. Different insurers can have a variety of pricing models that they implement, with some favoring different demographics more than others.