Why is it ok for my insurance agency to charge me way more than a woman just because I’m a teenage Male? With all the talk of equality this seems like I point I never hear talked about.

Question

I have been shopping around for car insurance and at progressive I can pay 180$ a month for my own policy. Why can they just charge me more expecting me to crash/ have an accident more than a woman?

In: Other

Answer 1

Teenagers in general are more likely to have a crash than an adult, regardless of the gender of those involved. Insurance companies use a complex series of calculations to figure out what premium to charge a customer, and length of time you’ve been driving is a massive factor to consider. Most adults will have been driving longer than most teenagers.

It is talked about, but you’ve not been driving as long as some other people. The more driving you do, and the more talking about it you do with other drivers, the more often this topic will come up. It’s annoying, for sure, but proving you’re a good driver will lower the premium.