Your auto insurance premium isn’t a figure that’s just pulled from the air; in fact, your insurance company uses intricate algorithms to determine just how likely they are to pay out a claim on your behalf, and that’s what determines your premium. Many of those factors are within your control, such as your driving record, the type of vehicle you own, and how much time you spend behind the wheel. Other factors, like your age, gender, and zip code are a little more difficult to manipulate.

Clearly, your age and gender have an impact on your premium, but why? It all comes down to risk. Consider this:​

• Men generally drive cars that are more expensive to insure
• Men spend more time driving
• Young drivers are less likely to recognize and adapt to dangerous driving conditions and situations
• Both men and young drivers are statistically more prone to risky behaviors, such as speeding or driving while under the influence of a substance
• Young drivers are more likely to tailgate
• Both men and young drivers are less likely to wear a seatbelt

In other words, a 20-year-old male’s auto insurance premium will likely be significantly different than that of his 45-year-old mother.

Additional Factors That Affect Your Auto Insurance Premium

Once again, those algorithms are very complex. So yes, age and gender do play a role in your premium, but those are just two factors out of a myriad of others that come into play. That 20-year-old male can offset his “riskiness” by choosing a car with good safety features, driving carefully to avoid accidents, and taking a defensive driving course.

Want to learn about common auto insurance discounts? Your Nevada Insurance Enrollment auto insurance agent can help you make sure that you’re getting the best coverage at the best price.