In this society, people are judged by everything. Age, marital status – even zip code. The case is no different for car insurance premiums. A new study from InsuranceQuotes.com shows several factors that influence the amount of insurance premiums you’ll pay. For one, single people actually shell out more on average annually for car insurance than their married counterparts. And if you’re a married person in your 30s, you may find that you pay more than a married person in their 20s. Gender plays a part as well. A single man in his 20s will pay more than a single woman in her 20s.
The good news is, your car insurance premium will likely decrease as you age – up until age 60 that is. At that point, it may start to increase again. Hawaii and California are the only two states that will not allow age to be a factor.