Chart of the Week: Car Insurance Costs by Gender and Age
- How do you think auto insurance companies determine the premiums that they charge their customers?
- Why do you think 16 year old boys have insurance premiums that are $64 more per month than similarly aged girls?
- What is the percentage drop in premiums between the ages of 16 and 30 for men? for women? Why do you think there is such a large drop?
Looking for more charts for your students to analyze? Check out NGPF's Data Crunches!
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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