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Insurance Pricing:Understanding the Impact of Demography, Age, Sex & Marital Status

Selecting the best car insurance for your needs can at times seem like a mind boggling task. Certainly, when it comes to car insurance, you want to obtain the most appropriate type of coverage. Additionally, you want to obtain coverage from a reliable and reputable car insurance company. And, of course, if you are like most men and women seeking car insurance coverage today, you are operating on at least a somewhat limited budget. In other words, when it comes to car insurance, you want to get the biggest bang for your buck.

When it comes to car insurance premium pricing programs offered by a typical car insurance company, you may have some questions about how certain demographics play a roll in these premium rate decisions. Through this article, you are provided some basic information about how certain demographics can effect and impact the rate you pay for car insurance.

What Demographics are Utilized by a Car Insurance Company in Setting Rates?

There are some common demographics that are taken into consideration by nearly every car insurance company in business today. These generally utilized demographic considerations are:

-- age
-- sex
--marital status


While we do live in a society where normally it pays to be young, such is not the case when it comes to car insurance. Rather, generally speaking, a younger person will pay more for car insurance that will a middle aged person. Demographically, the typical car insurance company will consider a younger driver to be a greater risk that a driver who is older.


Overall, the typical car insurance company in operation today will rate a male driver a greater risk than a female driver. Despite all of the jokes about “women drivers,” the truth is that as a rule, a female driver will be considered less of a risk on the road than will a similarly situated male driver.

Marital Status:

If you are married, the typical car insurance company will charge you less in car insurance premiums. Marriage apparently indicated stability and safety to a typical car insurance company.

The Worst Case

Generally speaking, a typical car insurance company will assess higher premiums to a young, make driver who is not married. The typical car insurance company in the United States views such a person as the most significant risk of ending up involved in a car accident.

The Best Case

At the other extreme, an older, woman who is married generally will pay the lowest for car insurance rates -- when demographics are considered.

Summary & Conclusion

Of course, there are other factors that influence the car insurance premium rates that a person will have to pay to a car insurance company. However, this article does give to you a general idea of how demographic considerations are applied by a car insurance company. If you have any additional questions about your car insurance premiums, you will want to contact your car insurance company, you car insurance agent or the insurance commissioner in your state.


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