Women may be better off leaving their boyfriends and maybe even their husbands off of their car insurance policies, according to “He’ll Break Your Heart–and Your Car Insurance Rates.” Emmet Pierce’s article for Fox Business says that gender is a large factor towards determining your car insurance rates. A State Farm auto quote, or a quote from another insurance company, calculates insurance rates based on gender for a few reasons. Males tend to take more chances like driving faster and making risky decisions, which results in more accidents and tickets from police officers. This is especially true for males in their 20s, resulting in a higher State Farm auto quote.
The Insurance Institute for Highway Safety says that testosterone is likely the reason why men are riskier drivers than women. In fatal car crashes, men are twice as likely as women to have been intoxicated. Men are more likely not to wear seatbelts, to speed, to make riskier decisions, and they also tend to drive more miles. All of these reasons make them more expensive to insurance companies when you compare car insurance quotes. While it may not be monetarily beneficial for a woman to add a man to her car insurance policy, compare car insurance quotes in the reverse it could work out in a man’s favor. Most car insurance companies offer a discount when you insure more than one car, so a man adding a woman without a bad driving record could result in a significant discount. A woman adding a man with a flawed driving record, however, usually loses more in premium increases than any discount she would have received for adding another car to the policy.