Do you know when car insurance for males goes down? this is one of the questions our readers ask a lot. Well, we´ve got you covered.
Women typically pay less for car insurance than men. And no, it’s not a type of discrimination. Instead, it’s insurers recognizing the statistics that state men are more likely to get involved in accidents and speed than women, especially young men.
So, when does car insurance go down for males? On average car insurance rates begin to go down for men by age 21. The general belief is that your car insurance goes down when you hit 25 years old, and this is true. As a 25-year-old male driver, you can expect your car insurance to reduce by 12%. At this age, the gap between male and female car insurance prices decreases from 11% to 2.5%.
Aside from driving behavior, surveys have found that men are more likely to purchase riskier cars.
All of that combined works to make insurance rates higher for men than women. However, it’s not always the case.
For example, as males age, their insurance rates go down, while women’s may increase between 30 and 40 years old due to children (distractions) and pregnancy.
So, without further ado, let’s jump right into the specifics.
Table of Contents
When Does Car Insurance Go Down for Males?
Regardless of gender, young drivers have the highest car insurance rates of all. But as we’ve already discovered, women pay less, even at 17 years old.
The American Automobile Association Foundation for Traffic Safety conducted research that shows men tend to spend a lot more time driving than women.
On top of that, analysis performed by the National Highway Traffic Safety Administration determined that more fatal crashes among 21-year-old to 25-year-old drivers are due to males (76%) and females (24%).
So, to cope with the extra risk, car insurers charge males more than women.
Do All States Consider Gender When Calculating Car Insurance Rates?
No! As surprising as it may be, it’s illegal for car insurers to consider gender when calculating insurance rates in some states.
These states are as follows:
- North Carolina
- Michigan (in some parts of the state)
Do Car Insurance Rates Always Decrease When You Hit 25?
Unfortunately, not. The rats don’t necessarily decrease as soon as you turn 25. Why? Because there are lots of other factors that affect the price you pay — factors that play more of a significant role than your gender.
It’s worth familiarizing yourself with these variables to understand your total car insurance bill fully:
#1 Driving Experience
If you’re a new male driver aged 25 and buy your first car insurance, you’ll pay a lot more than someone who began their driver career at 16 years old.
In that sense, experience accounts for more than age and gender.
#2 Driving History
Your past driving performance is a valuable indicator of your future. Therefore, a history of violations and tickets inflates the price of your current auto insurance.
Speeding tickets, reckless driving violations, and DUIs are the main types considered.
#3 Zip Code
If your neighborhood has a high rate of vandalism or theft, car insurers charge you more to account for the likelihood of becoming a victim of these crimes.
Similarly, areas where wildfires and other natural disasters are present increase the cost.
#4 Credit Score and Financial History
A lower credit score and displaying poor financial management can increase your insurance rates.
However, some state governments (Hawaii, Massachusetts, Michigan, and California) have made it illegal to factor credit into car insurance costs.
Insurers calculate rates at the state level as well as the zip code. The costs fluctuate from state to state.
Some states, like Michigan, require an extra cover (Personal Injury Protection) which increases the price compared to Ohio.
#6 Insurance History
Except for new drivers, a lack of insurance over the years can increase your premium. A break in coverage while licensed indicates that you may have been driving uninsured.
Of course, this is illegal and immediately shows insurers that you could be a more considerable risk than other clients.
#7 Annual Odometer Reading
California takes your annual mileage very seriously (although all states consider this variable).
In most states, the difference in price for those who travel fewer than 7,500 miles per year and those who drive over 15,000 miles is just $92 per year.
But in California, the difference increases to $557!
#8 Marital Status
Studies throughout history have shown that married drivers share the responsibility. Thus, they make fewer individual claims than single, divorced, or widowed people.
If you have a long history of claims, you can kiss goodbye to affordable insurance rates. Why? Because you’re considered extremely high risk.
#10 Level of Coverage
The more comprehensive your coverage, the more you pay. The difference in price between the highest and the lowest auto insurance coverage can be upward of $1,000 per annum.
To give you a better understanding, take a look at this list of premiums by the level of coverage:
- State Minimum Liability — $310
- State Minimum with $1,000 Comp-Coll — $638
- 100/300/100 BI-PD with $1,000 Comp-Coll — $733
- 100/300/100 BI-PD with $500 Comp-Coll — $821
How You Can Get Cheaper Car Insurance as a 25-Year-Old Male Driver
Despite all of that, there are ways to reduce your car insurance as a young male driver. Here are some tips and tricks to get you started:
- Shop Around — The rates for 25-year-old males vary drastically. Some insurers charge three times more than others! Use comparison sites to save time.
- Stick to The Necessities — Reduce or eliminate collision and comprehensive coverage as your vehicle depreciates. There’s no point paying for high premiums for a cheap(er) car.
- Take a Course — Driver education courses are perfect for new drivers who want to reduce their premiums.
- Drive Well — Keeping your driving record clean is the ultimate way to reduce your rates long-term.
The Bottom Line
At 25, all you male drivers can expect a nice decrease in car insurance! But remember to consider the other factors that make up your total bill.
Drive safely, and you’ll benefit from fantastically affordable rates in the future.
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