Average Car Insurance Cost By Age And Gender

Cross the line into georgia and that same driver gets an average rate drop of almost 550.

Average car insurance cost by age and gender. Average car insurance rates by age and gender. Young males face significantly higher automotive insurance costs in the united states than young females with the average annual premium for a 18 year old male being 7 561 u s. Published by statista research department nov 5 2020 this statistic shows the average cost of car insurance in the united kingdom uk in british pounds by age group and gender in 2018. The lowest average age group for car insurance in the uk was for those in their fifties with the average cost of 600.

There is still plenty of statistical evidence. In addition just to cover the very basic state minimum requirements for car insurance teen drivers in america have to pay anywhere from 2 174 up to 4 210 each and every year in premiums. Average car insurance rates by age and gender for the early 20s when you hit your 20s your rates start to drop but you ll still pay more than most drivers until you reach age 26. In ontario these continue though some other provinces find the practice discriminatory.

Based on this trend one could expect that the car insurance rate is set to increase further in 2020. Insurance companies base auto insurance policy costs on risk. From age 16 to 19 teens will spend a total of about 13 460 on state minimum car insurance coverage alone. Every factor that may serve as a predictor for involvement in insurance claims is weighed into the risk equation age and gender have long been identifying risk factors.

When you look at the average car insurance rates by age this proves this. For instance a 40 year old driver in florida is looking at an average rate of 2 443 for full coverage. The average insurance premium for a 19 year old male in 2016 was 2 154. Most people know that their age gender and driving record have an effect on car insurance prices.

1 502 annually and 751 per six months that was the average price in the united states as of december 2019 up from 1 469 annually and 735 per six months during march of the same year. What s the average cost of car insurance in the us. Car insurance for people under 25 is usually quite high.