Car Insurance Premiums Soar For Young Women
Car insurance prices for young women in the UK rose by an average 16.4% in the final quarter of 2012 after EU rules banned setting prices based on gender.
On average, women aged between 17 and 20 who insured themselves as the only driver paid £2,081 for their premiums.
But married females of the same age only saw a quarterly rise of 4.8%, with an average premium of £2,089 for two insured drivers on a car.
At the same time, quoted prices for men aged between 17 and 20 saw an average fall of 10.7% over the same period.
Gareth Kloet, head of car insurance at Confused.com, said: "With the EU gender directive taking effect from December 21, 2012, it's clear to see that the insurance industry has both reacted and prepared for the well documented and anticipated change in legislation during the last quarter.
"As expected, our index shows that women have seen the greatest changes in their insurance premium as insurers prepared for the change in legislation with what is effectively a gender tax on their car insurance premiums.
"We encourage everyone to shop around in order to get the best deals and if you are married, consider car sharing with your partner to benefit from cheaper car insurance premiums."
The figures, from the latest Confused.com/Towers Watson Car Insurance Price Index, also found the average comprehensive car insurance price now stands at £737 - down from £844 in the same quarter in 2011.
The EU Gender Directive came into force on December 21 last year, banning companies from setting prices according to gender.
The ruling, by the European Court of Justice, followed a 10-year legal battle against the proposals by insurers.
what do you think?
Prices should be based on risk and if women drivers are a lower risk so be it they should pay less and sod Europe
Speaking as a male driver, I agree entirely Shirley
OK, so how about if black people have more accidents than white people, would that be OK for them to pay less? You can't pick and choose what to discriminate.
Even though I'm male I totally agree with you Shirley
Hmm... Not so sure that was a good idea. It's based on risk and young men are much more dangerous than young women, behind the wheel.
Bit of a generalisation there Sage ..... there are some appalling young women drivers out there and it seems we have a major problem with " Little Miss must text while driving " !
And Mr Text While Driving? I read a few cases ofmale lorry drivers killing people texting while driving
Welcome to the world of rip-off car insurance premiums, ladies.
Instead of bringing the male insurance down a bit, they make even more money by increasing the womens. The insurance industry is criminal. It needs a thorough investigation into the sky high costs, and all these ambulance chasers who want you to claim for whiplash, need stopping. I had a genuine injury from an accident, and was told by my insurance to see a private doctor appointed by the insurance company. £300 for 15 minutes!!!!! Either that, or the NHS was going to charge even more, because it was a road accident. ????? Eh They're all at it !!
How can young people who possibly just started work afford 2 grand to insure there car?? I passed my test at 18 I am now 44 have never had an accident. My first car was a 1.0 metro and my first years premium was £325 at the time 1987 I thought it wasn't to bad.I'm currently on my 14th car which is a zafira 2.0 dti its only 100 bhp so is a bit slow by today's standards but I prefer a diesels pulling power.I'm with swift cover and with my wife as a named driver and pay £275 a year. My daughters 16 and wants to start lessons asap one of her friends has a black box fitted so it's recording her driving habits so as to calculate next years premium and my daughter tells me she drives like a snail. Seems a good idea these boxes otherwise you'll know who will by paying the 1st years premium
Then they wonder why more and more people are driving with no insurance works out cheaper to pay the fine in court
Yet another example of Europe interfering in British affairs...................
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We all know this was rigged by the insurance companies to hike premiums. Do they think we are thick. All insurance companies are crooks. Strange, none of them are going broke. Absolute rogues, all of them.