Women to pay more for Car Insurance

A new ruling by the European Court of Justice next month could lead to an average rise of £1,000 in car insurance, for women drivers.

The European Court is expected to outlaw gender discrimination when it comes to setting insurance rates in the decision due on March 1.

Currently, young women aged 17-22 have to pay £1,682 a year in motor insurance on average, compared to an inflated £2,750 paid by men in the same age range.
Young women tend to get cheaper car insurance deals than their male counterparts because they are considered a 'safer bet' by insurers.

Young women are 10 times less likely than men of the same age to be involved in a crash and 25 times less likely to commit a traffic offence in first three years of driving.  It is largely due to these figures that determine the price that we pay.

The spokesman for the Association of British Insurers, Malcolm Tarling, said: "We believe this will be extremely detrimental to UK consumers.  If insurers aren't able to take into account risk factors, it will have widespread implications.

If the gender discrimination is outlawed, it would be fair to assume that Insurers may look to other risk factors that give an indication of gender, for example occupation or vehicle type.

Could it be then that all makes of cars, engine size and colours will be considered to be equal?

Surely it is a sensible practice to penalize those that are a risk whilst keeping the costs down for those that drive safer and are less of a drain on the country's resources.

Do the 'crash' figures reflect your driving experiences, and would you consider women drivers to be safer that their male counterparts?