September 21, 2018

Why do young men drivers pay higher premiums than women at the same age?

On average men pay around £300 per year more than women for their car insurance premiums and young male drivers can pay considerably more than that. But is it right, and why is it so widely accepted that your sex determines whether or not you’re a safe driver?

Well, in a word, yes. Statistically men cause considerably more accidents than women and young men are the highest risk drivers on the road.

Not so long ago, the European courts took up the matter of car insurance premiums being significantly more for men. The argument was made that that higher premiums were based solely basis of sex and that this was an infringement of the gender discrimination act. The car insurance companies showed that car insurance quotes were based on statistics that heavily demonstrated that women are generally much safer drivers, and that it was not down to gender discrimination.

Women drivers are not only less likely to be involved in an accident, but the value of the claim if they are involved is statistically a lot lower. A huge amount of research is done each year to determine why women are lower risk drivers and these factors are taken into consideration by each insurance company who then use this data to set their quotes

Government research shows that men commit over 90% of driving offences. This kind of research shows why men pay so much more than women for their car insurance quotes.

As well as data collected about driving offences, the insurance company and road safety associations collect data on driver’s habits and road behaviour. This data indicates that women tend to drive shorter distances and are more cautious than men, who have been found to be more reckless, and as a results make more expensive claims on their insurance.

Although these factors mean that men will almost certainly pay higher premiums than women, there are some ways in which you can help reduce the cost of your insurance.

Think about the things that you can control. The type of car can make a huge difference to the price of your insurance quote, the smaller the engine size the lower the quote. Also, a better safety rating can help reduce premiums because if you are involved in an accident the car should perform better, causing less damage to you and anyone else involved.

Young drivers in particular can benefit from taking additional driver courses such as Pass Plus. Once you’ve passed your initial driving test ask your instructor or research these extra courses as then can reduce your premium by over £100 per year.

You could also get a better car insurance quote by storing your car away from the road, preferably in a garage. Storing your car in a garage greatly reduces the chance of it being stolen or damaged by passing traffic and therefore lowers your insurance quote

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