Young female motorists hit by insurance rise
The EU Gender Directive has hit young female motorists rather hard, with those between 17 and 18 seeing their insurance premiums rising by up to 50 per cent, according to data gathered by independent price comparison and switching service Uswitch.
The data was based on quotes for over 20,000 drivers given before and after the 20th of December, which was the date the directive was implemented and shows that insurance premiums have risen by an average of 8 per cent in general, which is less than the industry prediction of 25 per cent.
However, the news isn’t so good for women at the lower end of the age bracket. Average premiums for 17 and 18 year-old drivers have risen from £1307 to £1965, while 19 to 21 year-olds have risen 13 per cent to an average of £1098. It’s good news for the guys though as their premiums have an average of 6 per cent, with 19 to 21 year olds and men over the age of 71 both seeing a fall of 21 per cent.
Michael Ossei, personal finance expert finance expert at Uswitch, said: “Young women who 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 trying to get on the road. But there’s not quite cause for young men to jump up and down in celebration. Despite the shock in female premiums, 17 and 18 year-old men still pay the most for their car insurance.”
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