Car Insurance Costs Less for Female, Married Drivers, Study Finds

(Chicago Tribune/TNS) —

Women are likely to pay less for car insurance, according to a report commissioned by Insurance

A 20-year-old man pays 22 percent more than a 20-year-old woman for the same coverage, says, an insurance-shopping website.

Also, a married 20-year-old pays 21 percent less than a single 20-year-old for the same policy.

Car-insurance costs also drop every year until age 60, with the sharpest drop — 41 percent — between ages 20 and 25.

The penalty for being a senior citizen isn’t as steep as it is for being a younger driver.

People who are age 75 pay 17 percent more than a 60-year-old. And that 75-year-old still pays 43 percent less than a 20-year-old. is a unit of It commissioned Quadrant Information Services to measure the effects of gender, age and marital status on car-insurance premiums from the carriers accounting for more than 60 percent of the market in each state and in Washington, D.C.

Assumptions include that the driver is employed, drives a 2012 sedan, and has a bachelor’s degree, clean driving record, excellent credit score and no lapse in coverage.

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