When Does Car Insurance Go Down for Females? (Top Secrets Revealed!)


when does car insurance go down for females

Do you know when does car insurance goes down for females? this is one of the questions our readers ask a lot. Well, we´ve got you covered.

Ladies, you’re in luck! Generally speaking, you pay less than men do for car insurance (especially as a young driver).

While this is definitely a reason to celebrate, it’s still not affordable to be a young female driver.

So, it’s only natural that you start to wonder, when will my car insurance go down as a female? Analysis has shown that car insurance significantly decreases between 17% and 27% for females when you turn 21 and 19 years old (approximately 16%). People tend to have the magical milestone of 25 in their heads when they consider reduced insurance rates.

But is that really how it works? Does a 25-year-old woman pay significantly less for her car insurance?

Let’s take a look.

When Does Car Insurance Go Down for Females?

There’s no doubt about it that your car insurance goes down when you hit the ripe old age of 25. However, it doesn’t reduce by as much as you probably think.

The difference between how much 24-year-old females and 25-year-old females pay is just 11%.

Surprisingly, analysis has shown that your car insurance decreases more when you turn 21 (between 17% and 27%) and 19 years old (approximately 16%).

Consult the table below to get a clearer understanding of how the car insurance rates go down for females:

AgeAverage Insurance Rates for FemalesAverage Car Insurance Decrease for Females
20 years old$1,11422%
21 years old$8783%
22 years old$86313%
23 years old$7506%
24 years old$7096%
25 years old$6588%

As we mentioned, women pay less than men for their car insurance rates.

So, let’s have a look at the sometimes astonishingly different prices for men and women aged between 16 and 80 years old.

Read also: How Much Does Car Insurance Go Down After 1 Year with No Claims?

The Average Auto Insurance Rates by Gender and Age

The table below shows the average insurances rates by gender and age:

AgeFemalesMales
16 years old$6,408$7,188
20 years old$3,100$3,536
25 years old$1,870$1,964
35 years old$1,651$1,651
40 years old$1,614$1,607
45 years old$1,586$1,579
50 years old$1,512$1,517
60 years old$1,454$1,468
70 years old$1,573$1,608
80 years old$1,880$1,997

At 35 years old, you’ll notice that the insurance prices level out, and as both genders age, men start to pay less than women from 40 to 45 years old.

Why? The increase is considered to be due to the various distractions that women generally have in their car around this time, such as babies, children, and their baby bumps.

Nowadays, we’d argue that it’s a very traditional, conservative way of thinking. Men are just as likely to have these distractions in the backseat of their cars.

But, as it stands, insurers still use this as a basis for charging males less during this time.

However, there comes a point that both females and males start to pay a bit more for their car insurance.

Also, when you hit 65 years old, your rates will increase as the potential decline in cognitive function, slower reaction times, and poorer eyesight make elderly drivers a more significant risk.

Read also: Is Car Insurance a Waste of Money? (The Truth – Nobody Is Talking About!)

The Gender Gap in Car Insurance Rates Explained

The main reason you (a female) usually pay less than men is that you’re considered less risky.

Typically, men spend more time behind the wheel, resulting in driving more miles than women and making them more likely to participate in dangerous driving activities, such as:

  • Driving under the influence of alcohol or drugs (DUI)
  • Speeding
  • Failing to wear a seatbelt

According to the Insurance Institute for Highway Safety (otherwise known as the IIHS), men have died in car accidents twice as much as women in most years from 1975 to 2019.

In fact, 2019 saw 71% of all fatal motor deaths be men, as per the US Department of Transportation’s Fatality Analysis Reporting System.

With all that said, many other factors besides gender contribute to the price of car insurance. The factors include but are not limited to the following:

  • Driving history
  • Age (as we’ve mentioned)
  • Vehicle (i.e., power, price, etc.)
  • Location (state and zip code)
  • Claims history
  • Insurance coverage level

Read also: How Much Will My Insurance Go Up After a Ticket? (Speeding Ticket)

The Most Affordable Car Insurance Providers for Females

The particular price of your car insurance will also largely depend on the provider you choose.

Below you’ll find some of the most popular car insurance companies and their rates, so you can easily find a cost-effective solution:

Car Insurance Company The 6-Month Average Premium for Women
Farmers$790
GEICO$606
Progressive$865
State Farm$807
Nationwide$567
Allstate$952
USAA$485

How to Save on Car Insurance Rates

If you don’t fancy waiting years for your policy rate to reduce, here are some ways you can save a decent chunk of change, even while you’re still a young driver.

#1 Look Into the Discount Schemes

Numerous discount schemes exist, including:

  • Defensive Driver Discount — To get this discount, you have to take a defensive driving course. A safer driver equals a cheaper, less risky client, so you pay far less for your coverage.
  • Equipment Discount — Anti-theft devices usually decrease your insurance rates. However, it tends to be a slight discount compared to the number of dollars savings you get after a defensive driver discount.
  • Multi-Car Discount — If you have more than one car, you can insure them all with one company and receive a discount. Consider it the equivalent of buying in bulk.
  • Good Driver Discount — If your record is free from citations and accidents, you’re eligible for this discount. Generally, it’s automatically applied to your policy as the years go by and you continue to be a great driver.

#2 Consider Your Coverage Level

If your automobile is worth less than $4,000, there’s no point in paying for collision or comprehensive coverage. It’s just not worth the claim payout.

Alternatively, you can raise your deductible (consequently lowering your premium) for vehicles worth over $4,000.

#3 Use Comparison Sites

Unarguably, using comparison sites is the best way to find the cheapest car insurance coverage for women.

There are plenty to use; just make sure you spend time answering all the questions, so the quotes are as accurate as possible.

The Bottom Line

There you have it! You’re now an expert in when car insurance goes down for women.

Be sure to spread the word and share this article to end all misconceptions about reductions in car insurance prices.

Marissa K.

Hi! I'm Marissa. A personal finance nerd, content writer, and Managing Editor. I'm here to bring you all the latest cool ways to save, make and invest extra money. So, helping you to live your dream life!

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