How much does car insurance cost for men and women?
For drivers in most age brackets, male and female car insurance rates are similar: on average, women pay $740 per six-month policy, while men pay $735. For young drivers, however, gender and car insurance tell a different story. Men younger than 20 pay an average of 14% more per year for car insurance than do women in the same age bracket.
How much does gender affect car insurance premiums in New York?
We compared rates across providers for a sample driver in New York for a more accurate view on how much gender plays into the premiums you end up paying. Our analysis of Quadrant data found that men under the age of 18 pay 17% more for their car insurance than women of the same age.
Do female drivers pay less than male drivers?
Our analysis shows that female drivers tend to pay less than male drivers. As drivers age and get more driving experience, the gender gap in rates narrows to a negligible amount. In some age groups, women pay slightly more than men, but around age 35 average rates are the same.