Men pay around £100 more on car insurance than women do, but there is a reason why

In December 2012 the EU introduced a gender directive which banned insurers from offering driver different rates based on their sex. 

The idea behind this was to address the vastly different average premium between men and women’s that were commonly accepted for years to be a norm. 

Since the gender directive was introduced there have been reports that the pay gap has actually worsened for male drivers. 

Research from price comparison site comparethemarket.com found that premiums taken out by men were 27 per cent higher than women in the summer of 2017.  

Insurer Confused.com found that women are paying £92 less for car cover than men, in figures from Q2. 

On average women will pay £701, while male drivers will pay £793.

It was based on data from six million insurance quotes carried out by the insurer over the last quarter. 

However, the reason for the difference in price is said to be down to the higher volume of driving offences committed by men in comparison to this by women. 

According to the research, men commit 79 per cent of all motoring offences on the road. 

Motoring offences, especially those that carry penalty point endorsements, can increase premium costs significantly. 

Of all the offences committed by both genders, the most common was found to be speeding and just seven per cent of women are caught speeding and around 23 per cent of men break the speed limit, according to the research. 

Men were also found to make two-thirds of insurance claims over the course of 2017. 

Claims can also see a premium increase, which is another factor as to why the price discrepancy exists. 

Men contributed around 470,000 of the 700,00 claims made over the course of last year and payouts averaged at £3,271 for men and £3,121 for women. 

The reason for the difference in average claim costs is due to the fact that in general men tend to drive more expensive cars than women. 

This in itself is another reason why the premium costs are different between the sexes because bigger cars with larger engines and more power will cost more to insure. 

Amanda Stretton, Confused.com Motoring Editor, said: “As a female racing driver, I know women can hold their own when it comes to driving, and data suggests that they are in fact safer on the roads.

“But regardless of who is paying more, men or women, car insurance is a cost that is unavoidable for all drivers and is one of the many reasons motoring is becoming unaffordable.

“We encourage both male and female drivers to shop around for their car insurance.”

Daily Express :: Cars Feed

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