Women benefit from cheaper car insurance
www.moneynews.co.uk > Insurance > Women benefit from cheaper car insurance
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Money News |
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Women benefit from cheaper car insurance
Tue 10th Jun 2008
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It found that on average an 18-year-old woman will pay £861 less than her male counterpart for insurance, although teenage males who make it through their first year of driving without making a claim can expect an reduction in their premiums from £1,815 to £874.
Once they get into their twenties women enjoy 16 per cent cheaper premiums than men, but that difference starts to disappear once they reach their 50s.
Peter Gerrard, head of insurance research at moneysupermarket.com, said: "Young and newly qualified drivers have long been perceived as high risk by the insurance industry and often find it hard to get competitive motor insurance."
"It's also clear that insurers view women as far more mature motorists at an earlier age," he added.
In related news, uSwitch released research yesterday which found that drivers are forking out a total of £624 million extra annually by paying their car insurance monthly.
Related News : Insurance |
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