Women have always been considered to be better drivers when compared to men. They have always been awarded with cheaper car insurance as they have fewer accidents and make lesser claims.
Although men account for nearly 92% of all driving convictions in the UK, and mind boggling 98% of all dangerous driving convictions, the European Court of Justice (ECJ) has ruled in 2011 that it was illegal to take into account gender while calculating the premium. This has resulted in almost 30% increase in female car insurance premiums.
Although gender is no longer considered an issue, but age is still considered very important when calculating cost of women’s car premium. It has been found that women under the age of 25 are generally the ones who pay higher insurance premiums. This is so because according to the statistics these young drivers are more likely to meet an accident thus making claim.
The data also shows that these accidents are more serious and expensive to resolve as compared to accidents suffered by people above this age.
Another important factor that determines the cost of insurance of car is the car they have. The more expensive cars tend to have higher premium. So low cost cars should be preferred by young women, if they are looking for lesser insurance premium.