Men 'pay £17,000 more on car insurance than women' in lifetime

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Men 'pay £17,000 more on car insurance than women' in lifetime

A new study has found that the average male British motorist will pay £17,000 more during his lifetime than his female counterparts when it comes to car insurance.

This is according to research carried out by MoneySupermarket.com, which compared prices across six million insurance quotes for the whole of 2008. It found that £743 was the average motor insurance quote for a male during this timeframe, compared to £454 for a woman.

On average, therefore, male motorists are hit with a car insurance bill £289 higher than females on an annual basis, the research shows - a figure amounting to around £17,000 over a 58-year period of driving between the ages of 17 and 75.

"Men are seen as the riskier sex in the motor insurance industry across all ages, especially the younger generation where we see the biggest differences," explained Steve Sweeney, head of home and motor insurance at the website.

The average motorist owns nine vehicles during their lifetime, according to research undertaken by TescoCompare.com.

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