Women pay less for car insurance when they are safer, less accident prone and more law abiding motorists.
Women pay less for car insurance than men – and it’s thought likely because they are statistically safer drivers, according to a new report by price comparison site Confused.com.
According to the website, men paid an average of £793 per year compared to £701 for women – a difference of about 13%.
An EU directive released in December 2012 bans insurers from taking gender into account when pricing their policies. While the recent data shows that women pay less than men, that doesn’t necessarily mean that it’s because of gender.
Citing the study, The Financial Times reported that 585,000 drivers were taken to court for road offences in England and Wales – and men greatly outnumbered women in that group by a ratio of 4:1. The report added that men outnumbered women in all of the major categories of offence — speeding, careless driving, drink driving, having no insurance and no tax.
Data also showed men accounted for nearly two-thirds of more than 700,000 car insurance claims lodged last year, and the average payout for men (£3,271) was 5% higher than that for women.
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