Auto insurance quotes are affected by a number of things – your age, your gender, the place where your residence is located, etc. Statistics based on age and gender makes it possible for auto insurance companies to determine how cheap or how expensive your auto insurance quotes will be. This helps for them to see whether you are a high risk or a low risk client and of course, the “riskier” a client you are, the higher the rates.
Statistics show that males who are 16 to 25 years old are riskier clients compared to the female counterparts. Although some may say that this is gender bias, it is most definitely not because based on years of study on this subject, males in this age group have a tendency to drive recklessly as opposed to the females in the same age group. Do not worry though because rates even out between males and females as you grow older. However, there are still some insurance providers that still offer lower for women even if they are already over 25. This is where shopping around comes in handy because even if most carriers even out their rates at a certain point, there are those who follow a different formula.
Aside from your age and gender, other things are considered – your zip code for example will also help insurers make a right decision on how much you should be paying for your auto insurance policy . Based on gender, males drive more frequently than females and this makes them more susceptible to getting into accidents and as mentioned before, young males have a tendency to push their limits in terms of speed and are even more likely to drive when drunk, tired, or sleepy.
If you are a good driver i.e. one with a clean record with the DMV, you can get lower auto insurance quotes from reputable insurance companies. If you have already found the cheapest auto insurance quotes you can find, it is time to choose which policy is the right one for you.