Male car insurance customers are paying double what women pay, says expert

Mon, 18 Oct 2010

Young men are paying roughly twice the premiums for better car insurance as young women, an expert has observed.

Ian Crowder, spokesman for the AA, attributed this trend to a combination of factors, however the overarching reason lies in the fact that providers are finding car insurance to be unprofitable.

According to Mr Crowder, car insurance providers are making heavy losses at the moment, adding that there is one principle reason for this.

"The major one is personal injury claims," he said. "The number of personal injury claim lawyers has doubled over the last two years."

Last week, the AA revealed that car insurance customers have on average witnessed an increase of 11.5 per cent on their insurance premiums over the past quarter.

Over the 12 months ending September 30th, the average cost of an annual comprehensive car insurance policy had risen by 39.3 per cent to £792.

Young drivers are being hit with the biggest premium increases, the AA said.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page




Simplyhealth Dental Plan

Affordable cover from only £7.50 per month. Join now and get first month FREE

Health cover, life insurance and PMIProtect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.

Save money on your mortgageSave on Your Mortgage

Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.