Age and Gender Premium Factor

Insurance companies almost always charge higher rates for drivers between the ages of 16 to 25 with 16-year-olds having the highest fatality rate of any age. 16-year-olds are also twice as likely to have fatal crashes with passengers.

Of this group, males are seen as higher risks than females because statistically they take more chances behind the wheel.

Drivers between 40 and 50 are considered the safest people on the road, which is clearly reflected in their lower premiums. It is important to understand that a driver's auto insurance premiums will often depend largely upon their personal driving record.

At the other end of the age spectrum, drivers 75 and older follow teen drivers in close second for highest risk to insurance companies.

Typically as drivers mature, rates for men and women even out though some insurance carriers may still give women more of a discount because men still statistically drive more often and receive more tickets.