Young mail drivers charged double for insurance
Figures released show that young males are being charged twice as much for their car insurance than female drivers. The average insurance quote for a male driver aged between 17 and 20 is £3,730. The average figure quoted for a woman of a similar age is around £1,959 a saving of £1,771.
The problem is worse in London where the average male driver aged 20 years or younger is expected to pay £5,523 to insure their first car. Women drivers can expect to pay around £3,261 for the same cover.
The information shows that all young drivers have seen average annual increases on their premiums, in some areas such as Manchester and Merseyside there were increases of 10.6%. The cost of insuring a car for a young driver during 2011 was £3,688 a year.
Figures from the Department for Transport show that fatalities in reported accidents involving young car drivers accounted for 24pc of all road deaths in 2010. Other drivers saw their premiums increase slightly with older male drivers paying an additional 1% more and women drivers paying an increase of 1.3% more. Using gender to set prices within the insurance industry will not be allowed due to new EU legislation.
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