WebMar 30, 2024 · Teenage drivers of both genders pay more for auto insurance than adults, due partly to a lack of experience behind the wheel and the higher likelihood of engaging … WebApr 12, 2024 · According to Progressive, the average car insurance rate for an 18-year-old driver is $230 per month. For drivers between the ages of 21 and 22, the average rate is $176 per month. Because...

How Age And Gender Affect Car Insurance Rates - Forbes

WebDec 21, 2024 · Generally, teenage drivers pay the most for car insurance, though that price will naturally lower as you get older. While you can’t change how old you are, you can change what you drive. Insurance carriers pay attention to which types of vehicles are involved in accidents more often. WebJul 2, 2024 · Marital Status. Marital status makes a huge difference in car insurance rates, a fact that surprises many drivers. In fact, a 20-year-old married driver may pay a rate 21% lower than an unmarried driver of the same age. This is not based on opinion, but on careful analysis of statistics. Married drivers are less likely to take risks. the life and adventures of peg woffington v1

Car Insurance for Teens: Coverage and Cost (2024) - MarketWatch

WebMar 15, 2024 · Unfortunately, auto insurance is more expensive for drivers under 25 years old. New and younger drivers tend to pose a greater risk on the roads. 6. Your gender Men tend to be considered high risk drivers and are involved in more accidents than women. They usually pay a higher insurance premium. 7. Credit history WebNew drivers can pay as much as $3,000 per year or more for car insurance depending on the company. New drivers are more expensive to insure due to the lack of a driving record. WebNov 3, 2024 · Young drivers pay premiums for car insurance because insurers assume you have less experience on the road and more likely to have an accident. the life and adventures of mishka yaponchik