What Singles Should Know About Their Auto Insurance Costs

Your marital status has a lot to do with how much you will pay for auto insurance coverage.

Being young and single allows you to fully enjoy life. While enjoying nights out with friends and learning your way through your first job, your 20s can be some of the best years of your life. Unfortunately, your young age will also bring some extra expenses when it comes to your auto insurance coverage.

Single, young drivers typically pay much more for car insurance than people who are married. A recent study showed that a single 20 year old will pay more than 20 percent more than a married 20 year old for the same amount of coverage. The difference in cost is due to the fact that single people are more likely to get into an accident.

Keep in mind that it is not just your marital status that will determine your auto insurance costs. Your age and gender are also some of the most common factors that can dictate how much you will pay for your coverage. Single 20-year-old men will pay, on average, 25 percent more for their car insurance than a married man of the same age. A single 20-year-old woman will typically have premiums that are 28 percent higher than her married counterpart.

Luckily, you can enjoy a drop in your auto insurance costs each year until you turn 60. While the drop may be less than 10 percent every few years, the savings will start to add up. Working with your insurance agent and asking about various discounts will help to keep your auto insurance costs affordable.

Contact All Nevada Insurance in Las Vegas for all of your auto insurance need. We will work with you, no matter your age or marital status to ensure that you are able to find the right amount of protection, all at the right price to fit your budget.