Women vs. Men: Who Gets The Cheapest Auto Insurance?

July 28, 2017

car insurance for women Can we finally ditch that tired stereotype that women are worse drivers than men? Facts don’t lie: Men crash more.

According to the Insurance Institute for Highway Safety’s analysis of crash statistics, on average, men drive more miles than women. Plus, men have riskier driving habits like driving under the influence, not using seat belts and speeding. And crashes caused by males are often more severe than crashes caused by women. In 2015, 11,726 male drivers of passenger vehicles died in car crashes, compared to 4,750 female drivers. For the last 40 years, the annual number of male crash deaths has been more than twice the number of female crash deaths.

Sorry, guys. We know most of you are great drivers. But that doesn’t change the fact that, as a group, male drivers are higher-risk; and that means car insurance, for men, is typically more expensive. So how can men find the cheapest car insurance? And what about the cheapest car insurance for women?

How to Get the Cheapest Car Insurance for Men

Over their lifetime, men pay, on average, $15,000 more for car insurance than women. That’s a lot. But you don’t have to accept it! There are ways to find cheap car insurance for men, such as:

  • Get married young. OK, this isn’t great advice for everyone. But if you’re already in a relationship with the love of your life, getting married can reduce your car insurance premiums. Insurance companies see young married men as lower-risk than single ones. But the insurance benefits are greatest when you’re under 25, so grab a ring and hop to it.cheap car insurance
  • Celebrate a few birthdays. Young male drivers typically pay super-high rates, so the older you get, the less you may pay (as long as you keep your driving record clean). Often, you’ll get cheaper car insurance once you turn 25; but not every insurance company considers 25 to be a magic milestone.
  • Polish your credit. While the practice is illegal in some states, insurance companies often consider credit scores when determining premium rates. Men (and women too) may have better luck finding cheap auto insurance if they have a high credit score. You can raise your score by paying bills on time and paying down debt. Not sure where your credit stands? You are entitled to one free credit report per year — just make sure you go to annualcreditreport.com, which is underwritten by the U.S. government, and not a scammy site.

How To Get The Cheapest Car Insurance for Women

Women don’t always enjoy the benefits of cheap auto insurance. After turning 30, NerdWallet says, women can pay up to 5.4 percent more than men for the same coverage. But there are ways to reduce the cost of car insurance for women. For example,  you could sign up for a telematics program.

Many insurance companies offer telematics, which means customers plug a little electronic device into their car that tracks and gives feedback on their driving habits. The insurance company gets your data and you get a discount if you drive safely. A recent study in Canada found that women drivers, as compared to men, saw greater improvement in their driving after using the telematics device for 26 weeks.

Why? The researchers weren’t sure.

How Men and Women Can Find the Cheapest Car Insurance

Of course, most money-saving tactics work for men and women alike. One way to get cheaper car insurance is simply to call your insurance company and find out if you’re receiving all the discounts you’re eligible for. You may get a cheaper rate for being part of a professional organization, a college alum, a fraternity/sorority member or a member of AAA.

We wish we could give you the name of one company that offers the absolute cheapest car insurance for women and men — but it just doesn’t work like that.  Each car insurance company has its own ways of judging risk and setting rates. The only way to make sure you get the best deal is to run the numbers for yourself and compare prices.

Luckily, Compare.com makes it easy! Enter your info just once, and you’ll get the most accurate and most affordable car insurance quotes from multiple insurance companies. No cost, no commitment. Try it for yourself!

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You could save up to 32% by using Compare.com!

Based on a survey of 100 California Residents. Average savings determined via a comparison of their selected policy against their self-reported annual premium.