Men still paying a premium for car insurance over women
The price of car insurance continues to rise and despite incoming EU legislation that will ensure that insurers can't use gender as a factor when deciding prices, new research show's there's still a way to go.
Confused.com the UK insurance index, has found that 17-20 year old men are being charged almost double the price women of the same age are paying.
Gareth Kloet, Head of Car Insurance for Confused.com commented on the findings: "From December, EU legislation will mean that insurers can't use gender as a factor in setting prices. The differences highlighted in our report show that there is still a huge disparity between what men and women are being charged for their car insurance.
"Insurers clearly still have a long way to go to comply with the new legislation. It's more important than ever to shop around and we're committed to making it easier for people to save money on their car insurance."
The difference totals £1,771, with the average insurance cost for a 17-20 year old woman totaling £1,959 versus £3,730 for men. This research was based on more than 4 million quotes.