Current car insurance gender gap revealed

The current gap between car insurance premiums faced by men and women has been revealed.

Carrying out its research prior to the introduction of unisex agreements in December – coming into effect as a consequence of the European Union-enforced equalisation of insurance premiums – GoCompare discovered males are paying £315 more on average than their female counterparts at present.

This calculates at a difference of 41 per cent, while the gap between rates for male and female teenage drivers was even bigger, standing at almost double.

Scott Kelly, head of motor insurance at GoCompare – which was launched in 2006 – explained insurers will not be permitted to consider gender when pricing their products.

Mr Kelly added: “There has been no equalisation of rates to date, so the introduction of unisex rates is likely to have a sudden and dramatic impact.”

He observed the gender gap between the costs faced by male and female motorists has actually widened in recent months, which suggests providers may be holding off until the last minute before bringing in the required changes.

Related Articles