Male driver news
01/10/2008

Gender gap in car insurance pricing is still increasing

The AA said this week that the gender gap of how much young males and females pay for their cheap car insurance, is still on the increase.

Over the past five years that "gender gap" has seen an increase of almost 60% between the cost of car insurance for women and men.

As the price of a car insurance policy is governed by risk, the statistics regarding young male drivers and road traffic accidents are the reason for high level costing for young male motorists. Under-25s account for 29% of all deaths and serious injuries caused by UK car accidents and of these 63.4% of the total toll are male.

Simon Douglas of the AA commented, "Insurance premiums are based on claims experience and the unfortunate facts are that men aged under 21 are 10 times more likely to have a car accident than men aged 35 or more but young women are only five times more likely to have an accident than women aged 35 or over.

"These figures make for worrying reading and underline why young people, particularly men, pay high premiums although, of course, the first year's premium is exaggerated because they will not have earned any no-claim bonus."
However, if they have an accident their car insurance is likely to remain high.