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Car insurance has always been an expensive necessity, but now new evidence has shown that men are likely to be paying more than women.
A leading comparison site has discovered that there is a discrepancy between how much young men are being charged and how much young women are being charged for their car insurance.
The site found that on average, an 18 year old male driver will pay around £861 more than an 18 year old female driver for their annual car insurance policy. When male drivers are in their twenties they still end up paying 16 per cent more on their premiums than their female counterparts.
It’s not all bad news for male drivers however, as these excessive payments can drop by almost £1000 for those who go for a year after passing their test without making a claim. For those male drivers who are in their fifties and who have never made a claim, you will find that your premiums will plummet to a price nearer your wife’s cheap car insurance level, as after thirty years of safe and careful driving, this is how male drivers are awarded.
Unfortunately for younger drivers, they have long been viewed as high risk by insurance companies and as a result of this they have had to pay a lot more for their cover.
The internet site also found that people, and insurance companies, view women as more mature motorists from a much younger age. It therefore appears that the only way men can lower their premiums is by proving that they can be a safe driver by not making any claims.
A leading comparison site has discovered that men are being charged more for their car insurance .
In thirty years if a male driver hasn’t made any claims he will be rewarded with cheap car insurance .
Unfortunately, young drivers are viewed as high risk drivers by insurance companies. By: Gill Critchley
Article Source: www.ArticlesBase.com
Gill Critchley is a UK based author with experience within the financial industry centering on the insurance sector.
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