When determining your premium, your auto insurance company takes multiple factors into consideration. Things like the car you drive, your annual mileage and your driving history all play a role in how much your premium will be. Additionally, your age and gender will affect your rate.
The average driver in the U.S. pays $1,674 per year for car insurance. While this national average number can be useful, it may be even more beneficial to understand the average auto insurance rates for drivers the same age and gender as you.
Average auto insurance rates by age and gender
When determining your premium, your age and gender play a role in assessing how much risk an insurance company assigns to your driving habits. Younger drivers, likely due to their lack of experience, tend to get into more accidents than older drivers. Where gender is concerned, men tend to have more accidents and more serious accidents than women.
However, car insurance costs vary due to a number of factors. The price you pay will reflect both your age and gender, but also the state you live in, your personal driving history and the types of coverage you choose.
The auto insurance rates by age and gender, listed in the table below, are national average annual rates for full coverage. While the rate you will pay will vary, these numbers can give you an idea of what to expect.
|Age||Average annual full coverage premium for males||Average annual full coverage premium for females|
|16 year old*||$2,783||$2,280|
|17 year old*||$2,485||$2,015|
|18 year old||$5,727||$4,983|
|19 year old||$4,434||$3,831|
|21 year old||$3,149||$2,787|
|22 year old||$2,828||$2,495|
|23 year old||$2,675||$2,394|
|24 year old||$2,535||$2,282|
|25 year old||$2,181||$2,036|
|30 year old||$1,869||$1,832|
|35 year old||$1,813||$1,790|
|40 year old||$1,648||$1,701|
|50 year old||$1,463||$1,439|
|60 year old||$1,421||$1,389|
|70 year old||$1,564||$1,505|
*16 and 17-year-old rates reflect the added cost to their parents’ policy with the teen added.
How age affects your car insurance rates
When you analyze average car insurance rates by age, you may notice a trend. Coverage starts out relatively expensive for teens and young adults. Over the years, premiums generally decrease as drivers gain more experience behind the wheel. But as drivers reach their senior years, premiums can creep back up. In general, this is due to risk factors associated with each age group.
- Teens. Generally, the teen years are the riskiest time in a driver’s life. Between inexperience, distractions, frequently not wearing seatbelts and a penchant for risky behaviors like speeding or drinking and driving, teen drivers are three times as likely to get into a fatal car accident than older drivers. Insurers frequently charge more to insure teen drivers to offset the higher costs associated with teen driving claims.
- Adults. The cost of auto insurance coverage often begins to drop by the time a driver reaches their early 20s. By 25, drivers may notice a pretty significant reduction in their premiums. Throughout adulthood — provided they have a history of safe driving and few insurance claims — premiums generally continue to drop as drivers gain more experience.
- Seniors. Unfortunately, the downward trend of insurance premiums does come to an end as drivers reach their 70s. Drivers over 70 have a higher crash rate than middle-aged drivers, so insurers compensate for this by increasing the premium that older drivers pay. However, while seniors may see their insurance premiums increase slightly, they likely will not go back to paying the high rates of teen drivers, assuming their driving record is clean.
Most insurers understand that car insurance can be expensive for certain age groups and offer discounts to help reduce those premiums. Common discounts for young drivers include good student discounts and driver training discounts. Senior drivers can often get discounts for company loyalty or by having an affiliation with organizations such as AARP.
How gender affects your car insurance rates
When it comes to gender, men tend to engage in riskier driving habits than women. Although this may seem unfair, men are more likely to get into a serious car accident than women.
Insurance providers know that males are usually riskier drivers. Because insurance rates are partly based on risk, males tend to pay more than females for insurance. However, it is important to remember that gender is not the only rating factor used by insurance companies. A man with a clean driving record may pay less than a woman with several accidents on file, for example. Additionally, some states, like Michigan and California, bar insurance companies from using gender as a factor when determining rates.
Insurance premiums are personalized, meaning that each driver will pay a different amount based on their specific rating factors. These factors include age and gender, but also the type of car being insured, the specific coverages chosen, a driver’s accident and ticket history and more. And while young drivers and men tend to may more than more experienced drivers and women, most insurance companies offer discounts to help offset premium costs associated with age or gender, such as student discounts or loyalty discounts for long term clients.
Frequently asked questions
How can I find the best car insurance for my age and gender?
The first step to finding the best car insurance for you is to figure out what factors matter most to you. Knowing if you value a plethora of discount options or mobile tools, for example, will help you to narrow down the list of auto insurance companies you may want to consider. Next, it may be a good idea to obtain quotes from multiple insurance companies. This way, you can compare the premiums and coverage offerings to find a policy that best suits your needs.
How do I get cheaper auto insurance if I am a young driver?
Insurance companies understand that the premiums for young drivers can be daunting. Most companies offer discounts to help offset these costs, including good student discounts and driver training discounts. Maintaining safe driving habits can help you to keep your driving record clean of tickets and accidents, which can help keep costs down as well.
Besides age and gender, what factors do insurers use to set my premium?
Insurance companies take into account a number of factors to determine premium. Each company has its own method, but you can generally expect companies to look at your annual mileage, your vehicle, your driving record, the coverages you choose and, in some states, your credit score.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on male and female drivers aged 16-70 with clean driving records, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
Rates for the 16- and 17-year-olds were determined based on the added cost to their 40-year-old parents’ policy.
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
Rates are determined based on 2020-2021 Quadrant Information Services data.