Car insurance costs more for: Men
When it comes to car insurance, men are better off saving money by switching their gender than they
are switching to GEICO. Women are generally offered better deals because they drive less and get in fewer accidents than men, who take greater risks behind the wheel and make up the vast majority of DUIs. In 2012, the FBI reported that 743,029 men were arrested for drunk driving, compared with just 244,195 women. (These health insurance secrets will shock you.)
New cars and their parts cost more for: Women
Pandora Studio/Shutterstock Women, on the other hand, are often given a raw deal at the dealership and the repair shop. One study in Chicago found that new car dealerships asked white women to pay 40 percent more of a markup than white men, while black women were asked to pay upward of three times a white male’s markup. Similarly, auto-repair shops are prone to overcharge women, according to a 2012 report that surveyed 4,600 body shops. Women were quoted an average price of $406 to replace a car radiator, compared with the $383 their male counterparts were offered for the same service. Women who expressed limited knowledge of car-part pricing, in particular, were charged more than men with the same level of knowledge. You could be wasting money on your car and not even realize it.