Womens car insurance news
05/02/2010

Retirement age female drivers hit by premium hike

While womens car insurance is generally lower than car insurance for men, once women reach the age of 60, they could find they actually start paying more for their premiums.

A report from Guardian Money revealed that female drivers generally pay less for their motor insurance until they reach 60 years of age when their premiums can start to creep up.

This is because women over the age of 60 are more likely to cause road accidents than their male counterparts which consequently affects the cost of their premiums.

"After that age, women are increasingly responsible for motor insurance claims and once they reach their 80s, are making far more claims than men of the same age," the paper stated.

Some car insurance companies are demanding that women drivers pay 50% more on their premiums than men after they reach the age of 60 which then increases to 100% more when they hit 80.

This therefore means that the disparity between car insurance premiums reverses as women age, with women's car insurance ending up being more expensive than men's.

Women insurance news archive - Articles - Insurance resources - Site map
Privacy policy - Terms and conditions - Copyright policy - Website security