How does gender and age affect car insurance rates?


When shopping for auto insurance, there are some parameters that you might have come across on which you can have a positive influence. But, there are also some factors which might not be possible to change and you may not be able to do anything about them. These are the surprise parameters that might cause you to pay more for the insurance, despite no fault of yours. However, it is possible to offset the effects of these parameters in certain ways, some of which have been disclosed here.

The first parameter that affects car insurance rates and cannot be helped with is gender. The gender of the driver actually has a say in the amount of money that you would spend on auto insurance. In fact, statistical data is used by auto insurance companies to determine how much to charge a driver based on their gender. Sometimes, being a male can be helpful whereas in certain other kinds of vehicles, it helps if you are a woman. This is something that you need to consider and might want to talk with the insurance agent about before deciding on what kind of policy you want to go in for.

The other parameter that has an impact on your auto insurance rate is the age of the driver. This is yet another parameter that cannot be changed. In fact, the age of the driver is actually one of the justified parameters that there are. Since it is more likely that teen drivers are going to be involved in accidents, it is understandable that they are made to pay more for their insurance. Similarly, people that are older and are above a certain age are made to pay higher premiums since they pose as a risk for these auto insurance companies.

If you are thinking that it is unfair of the companies to use such static parameters to get insurance rates for you, don’t worry. It is still possible to reduce your premiums. Maintaining a good credit score and also a clean driving record can triumph over the age and gender factor. Insurance companies might reward such drivers with better insurance policies and possibly make it easier for them to choose the kind of insurance package that they want. It is also possible for such drivers to have reduced deductibles and reduced premiums, since the insurance companies might not mind insuring such drivers.