Young And Single? You'll Pay More For Car Insurance

Young And Single? You'll Pay More For Car Insurance

Video Analysis for Young And Single? You'll Pay More For Car Insurance

April 10, 2014

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VIDEO

Young And Single? You'll Pay More For Car Insurance

Take pity on the 20-year-old single man who buys auto insurance. A new study by InsuranceQuotes.com shows someone in this group will pay far higher monthly premiums than a single woman his age, a married man his age — and dramatically more than a married man who is just five years older. Mike Barry, spokesman for the Insurance Information Institute says, "Statistically, young men are riskier drivers, which means they are, on average, more expensive to insure.

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