Average Car Insurance Rates by Age and Gender

Age and gender affect auto insurance costs. Insurers use these factors to measure risk — less driving experience often means higher costs.

Teen drivers typically pay the most because they have little driving history. Drivers in their 60s with clean records often get the cheapest car insurance rates.

Gender also impacts prices. Young men usually pay more than women, but this difference shrinks significantly by age 25.

Car insurance costs vary based on gender, but the impact depends on age and location. Below are the average premiums for men and women, helping you see how gender may influence your rate.

Sixteen-year-old females with individual full coverage policies pay an average of $5,232 annually, while males pay $5,736.

When drivers turn 19, average car insurance costs drop to $2,628 for women and $2,892 for men. Rates decrease by $100 or more each year until age 25. Though rates for young drivers are much higher, adding teens to a family policy can reduce costs.

Young drivers see their auto insurance rates fall yearly before eventually leveling off as they age.

You have two options for insuring a teen driver: buy a separate policy or add them to a family policy. Teens under 18 need a parent or guardian to co-sign an individual policy since minors can't legally buy insurance themselves.

Both options provide coverage, but adding your teen to your existing policy is more affordable. This approach could save you thousands of dollars yearly compared to a separate policy.

Age and gender affect car insurance rates. A 16-year-old pays about four times more than a 30-year-old due to less driving experience and higher accident rates. Males usually pay more than females, but location also matters.

Insurance companies charge more in areas with higher theft, accident and vandalism rates. Premiums vary by state, so knowing your local average can help you find better deals when shopping for coverage.

Regardless of age, first-time drivers typically pay more for car insurance due to their inexperience. Most are teenagers who just got their licenses. A study by the AAA Foundation for Traffic Safety showed that from 2014 to 2015, drivers aged 16 and 17 had the highest rate: 1,432 crashes per 100 million miles driven. Based on these numbers, insurers charge teens higher premiums.

Crash rates dropped to 730 for drivers aged 18 to 19 and 572 for those between 20 and 24. As drivers entered their 30s and 40s, rates decreased further to 328 and 314 crashes per 100 million miles, respectively.

Young drivers are riskier to insure than older, more experienced ones, and young males are riskier than young females. According to the CDC, males aged 16 to 19 are almost twice as likely to die in car accidents as females of the same age. 

As drivers gain experience, the price gap between genders narrows until only a few dollars separate them. At this point, factors like driving history and location become more important than age and gender in setting insurance rates.

Various factors influence car insurance premiums. This article examines how age and gender affect policy costs. Age significantly impacts rates, with 16-year-olds facing the highest monthly premiums — $436 for females and $478 for males.

The biggest rate difference between genders is also among teenagers. Due to higher accident rates, sixteen-year-old males pay about $495 more annually than females their age. This premium gap between genders narrows significantly as drivers age.

MoneyGeek answered some common questions about how age and gender affect car insurance costs.

Study Overview 

MoneyGeek knows finding the right car insurance can be challenging. It's hard to determine necessary coverage and reasonable premiums based on age and gender. We provide accurate, current information to help you make informed decisions.

Data Sources 

We gathered data from state insurance departments and Quadrant Information Services.

Driver Profile 

We collected nationwide car insurance data from Quadrant Information Services for different age and gender groups driving a 2012 Toyota Camry. We analyzed plans by the driver's age and gender.

Coverage and Deductibles 

Average rates on this page reflect full coverage policies with 100/300/100 liability limits and comprehensive and collision coverage, each with a $1,000 deductible.

A 100/300/100 policy means:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage liability per accident

A $1,000 deductible is what you pay before your insurance covers vehicle damage. Higher deductibles typically mean lower premiums. Comprehensive and collision deductibles can differ — comprehensive is usually lower than collision. Liability coverage has no deductible.