As gender rights become an important part of American culture, and as legislation to protect those rights makes its way through the legal system, car insurance companies are making alterations to their own processes in order to keep up with the rapid pace of change. Many companies are choosing to be forward thinking and address gender issues before they are forced to by new state laws.
One of the drivers of this change is state law. There are now a number of U.S. states that recognize non-binary or third gender classifications on identification documents, which can include a driver’s license. Let’s take a look at how gender impacts car insurance.
Historically, gender has been used as a factor in determining rates. A handful of states, including California, Massachusetts and North Carolina specifically bar the use of gender to set rates, but most states do take gender into account.
But, there are many factors used to determine a premium amount and gender is just one. Others include the type of car, the value of the car, where you live, your driving history and how much you drive. While gender can be just one factor, the use of gender has come under scrutiny. Many are starting to understand there are better ways to determine whether a person is a safe driver or not that have nothing to do with gender identification.
Age and Gender
One area where gender does seem to be an indicator of risk is with young people. Numerous data has shown that male drivers under the age of 25 are a greater risk than female drivers of the same age. It may be hard to get around a higher premium for this group.
Gender-Neutral Ways to Save
No matter how you identify gender-wise there are plenty of ways to save some money on your car insurance bill. The best way of course is to keep your record free of accidents and tickets. Here are a few more ways to save.
Telematics: Most auto insurance companies now offer telematics that collect data and help determine your rate. Usually there is a small device that you plug into your vehicle’s onboard computer. This device collects data on your driving habits which the company analyzes. Data collected can include:
- How much and/or often you drive
- How fast you drive
- How you brake
Discounts: You should always be looking for discounts, no matter your gender or your age. Asking about discounts with your car insurance company can yield significant monthly savings. Common discounts include:
- Good student
- Auto pay
- Association membership
Shop Around: By far the best way to make sure you are paying a fair rate for you auto insurance is to shop around. Comparing rates is easy with the Insurance Wins form. Just provide some basic information and we’ll get you started with quotes from companies you know. InsuranceWins can help take gender out of the equation and find a policy that protects you at a price you can afford.