In accordance with reviews, ladies in some states are paying extra for auto insurance – Insurance Journal

A study by Insurtech companies found that women 35 and over tend to pay more for car insurance, particularly in Florida and Alaska.

Young men typically pay much more for car insurance than young women. But by age 35, women pay significantly higher premiums – an average of $ 370 a year in Florida – than men of the same age, driving history, and vehicle, according to the QuoteWizard report.

According to QuoteWizard, an app and website by LendingTree that allows users to compare insurance prices for a range of products, Alaska drivers saw the biggest difference in gender, about $ 378 a year. Arkansas showed the smallest difference, only $ 1.

The study looked at thousands of full auto insurance offers in random zip codes across the country for drivers ages 18 and 35 with excellent creditworthiness and no accidents. The vehicle used for comparison was a 2012 Honda Accord LX with 16,000 miles, the report said.

A Florida television station, NBC2 in Fort Myers, did its own comparison and found that a popular Florida auto insurance carrier had an annual difference of $ 194 between a 30-year-old woman and a 30-year-old man.

“Why do women see higher rates in old age than men? There is currently no clear answer, ”the QuoteWizard report reads. A 2017 report by the Consumer Federation of America found no clear risk factor in women's driving history that would explain the differences, the report found.

In recognition of the discrepancies, in recent years some states have banned insurers from using gender as a factor in setting premiums. These states include California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania.

There was a little consolation for the drivers. The QuoteWizard report found that rewards escalate after an accident, ticket, or driving violation while under the influence, but women often pay slightly less than men.


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