Car insurance for young people news
29/07/2009

Young men must pay more than young women

Sex and age discrimination is alive and well in the insurance business with young drivers insurance premiums for men staying much higher than policies for young women.

Car drivers who are men can expect to pay out almost £17k more than women on motor insurance in their lifetime, according to a study just published.

Three key pieces of the research by an insurance aggregator website reveals:

  • Males of all ages pay an average of just over £740 a year while female motorists enjoy lower premiums of around only £450.

  • Young men aged 18 must pay motor cover that is almost £2000 higher, on average, than for male drivers in their 40s.

  • The average male driver in his 20s must pay almost £1000 for a motoring policy while women pay a little less than half that at £576.

A staggering 94 per cent of people convicted of causing death by dangerous driving were men while 97 per cent of drivers convicted of a dangerous driving traffic offence were also found to be men.

Insurers are allowed to determine policy price using age and sex factors so young drivers insurance for males is likely to stay higher than females for the foreseeable future - and unless men become safer drivers, that maybe forever!


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