Women Car Insurance - Is It Fair?

Womens Car Insurance Price Increase Is It Fair? EU Price Hike 50% On the 21st December 2012, changed the EU Gender law in consideration of insurance Price Increase for Women Aged Between 17 - 18 premiums. Women saw large Increases in the price they pay for insurance. Some age groups by more than 50%. Involved in Road Accidents Females - 96,000 Males - 172,000 11 Men break 5% more road traffic laws than Men Women women. Men are 3.4 times more likely to be charged with reckless driving than women. Bradford University suggests that women drivers are safer because are better at multi-tasking, and that the hormone Oestrogen plays a role. The hormone increases activity in the frontal lobes, which are the parts of the brain involved in increased attention and learning. So How Have Insurance Prices Changed? Since The EU Ruling Came Into Effect Overall Women now pay 8% more for car insurance Average Womens car Insurance Price = £529 Young women aged 17-18 have certginly been hit the hardest, but with an average increase of 50%, which equates to around extra €658 per year. Meaning new female drivers can now expect to pay an astonishing €1965 a year for Women aged 61-70 have been legst affected, with no change to their insurance car insurance. Overall Men now pay 6% less for car insurance Average Mens car Insurance Price = £619 Young male drivers aged 17-18 have seen around a 5% drop in their premiums; saving them just over €100 a year but they can still expect to pay more than £2100 a year. Men aged 19 - 24 have seen the biggest decrease in thier insurance premiums with a reduction of 12% MY INSURANCEDEALS.CO.UK