What Age Car Insurance Rate Drops for Female?

With insurance companies, there is a notable difference between the rates of car insurance for men and women. Not only are the rates different, but the ages when women enjoy lower auto insurance premiums vary as well.

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At What Age does Car Insurance Go Down for Females?

The two most critical years for both men and women are 25 and 65. Based on statistics, when a man or women turn 25 their risk of being in an accident goes down considerably. However, in terms of car insurance for young female drivers, there is a substantial drop that starts at the age of 21.

Female and Young Lady Drivers Pay Less than Male Counterpart

Car Insurance for Women is Cheaper Always!

The statistics show that from the ages of 21 to 25 the reduction in car insurance premiums for female drivers is roughly 25%. This assumes that all things being equal the female driver keeps a clean driving record and does not get involved in any accidents.

Also, taking a safe driving course will help to bring down insurance rates.

For women, they can expect to see the drop starting at the age of 21 and accelerate when they reach 25.

Plus, there is another slow drop that occurs between 25 and 55 when the rates drop again by roughly 20%. However, at that point, the rates level off and then start to climb once men and women reach the age of 65.

Statistics show the greater likelihood for accidents once a person passes the age of 65 which applies to both women and men.

Do Men Pay Higher for Car Insurance?

The answer is yes, men on average pay more for car insurance than women. There are some reasons for this, but it all boils down to men being involved in more car accidents than women. This is particularly true between the ages of 18 and 25 when the majority of accidents take place. Because of that, car insurance for female drivers is lower on average.

Statistics show that

Men tend to be more reckless and take more chances when they drive which is why their insurance rates are higher. However, that recklessness tends to fade by the time they are 25 years old and their rates become similar to females. It must be noted that women still hold a slight edge when it comes to having a lower price for their insurance rates.

When the rates for men and women go up as they reach their golden years, it is about the same as both genders have roughly the same risks for getting involved in an accident.

What Makes Your Car Insurance Go Up?

Many factors make car insurance premiums go up starting with your driving record.

  • Points on Your Driver’s License
  • Accidents
  • Bad Credit Score
  • Driving a High-Risk Vehicle

Finding cheap car insurance for ladies is really not a problem, especially if you are between the ages of 25 and 65 and have a good driving record. It only depends on where you look and selecting the women car insurance policy that best suits your needs.