The Investment Dr

7 Factors That Determine Your Car Insurance Rates

1/11 Age, Gender, And Marital Status

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To an insurer, age is directly related to your level of experience, the more experience you have driving, the less likely you are to cause an accident. Statistics show that males are more likely to be involved in an accident than females. Not only do women tend to get into fewer accidents, they also have fewer DUI accidents. That is why women generally pay less for car insurance than men. Statistics show that married drivers are less likely to crash than their single counterparts.