Young females facing massive car insurance hike

Young female drivers have seen the price of car insurance increase considerably in the past month.

Analysis by uSwitch has found that 17 and 18-year-old female drivers are being forced to pay 50 per cent more as a result of the introduction of the EU Gender Directive.

The legislation was introduced towards the end of December 2012 and means insurers can no longer discriminate on the basis of sex, which has traditionally been the reason why females can look forward to cheaper insurance deals.

This means young men will not face excessive car insurance prices, but women are set to lose out.

In the past four weeks, average car insurance premiums have risen by eight per cent for women and dropped by six per cent for men.

Michael Ossei, personal finance expert at uSwitch, said: “Young women that have just passed their test may well wish that Britain had never stepped foot inside the EU. A 50 per cent rise in premiums could have a devastating effect on newly-qualified women.”

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