Insurance companies are like casinos. They want the math in their favor.
Statistics say you will cause more crashes than a woman at the same age as you. You will cost them more money than they would take in if they charged you the lower price.
That said once you’re over 25, you will pay less than women for insurance (because of those same statistics)
To answer your question, they can charge you because they can. Some states have made these charges based on sex illegal.
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