Traditionally, finding women’s car insurance at a low cost was a lot easier than it was for men. This is down to the fact that women drivers have statistically fewer accidents and make fewer claims, enabling insurers to reward them with lower premiums.
However, a ruling made by the European Court of Justice (ECJ) now means that insurers cannot take gender into account when calculating the cost of insurance.
The law, which came into place on 21 December 2012, is bad news for women drivers, who have since seen increases to the cost of their car insurance.
What the ruling means for women’s car insurance
According to the AA, young female drivers used to pay premiums up to 50% cheaper than their male peers. However, the ECJ ruling means that in order to ‘even out’ insurance rates, the cost of car insurance for women has risen sharply.
This is partly down to the fact that women — especially female drivers under the age of 25 — effectively have to pay premiums that reflect the risk of their male counterparts, with young male drivers statistically more likely to be involved in accidents.
Stats from the AA showed that a female driver aged between 17 and 22 used to pay a typical premium of £2,057 before the law changed, compared with more than £3,000 for men in the same age bracket.
It’s estimated that the ruling has added an average of £531 to policies for women aged between 17 and 22.
Maggie Craig of the Association of British Insurers, which represents the majority of insurance providers, feels that the ruling “… ignores the fact that taking a person’s gender into account, where relevant to the risk, enables men and women alike to get a more accurate price for their insurance.”
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Finding cheap car insurance for women
While there’s plenty of debate over whether the ruling is fair or not, it’s key to remember that it doesn’t necessarily signal the end of all cheap car insurance for women, with many experienced and older female drivers less affected.
One factor likely to have a big effect on the price of women’s car insurance is the type of car you drive, with the car’s speed, security features, and value all playing a big part — read our guide to the cheapest cars to insure to find out which cars attract the cheapest insurance premiums.
You can also cut car insurance costs by adding a named driver to the insurance policy, especially if they’re older and more experienced on the road. Furthermore, adding extra security features, such as an alarm or immobiliser, can often help get cheap car insurance for women.
However, since the ruling women’s car insurance prices have fallen in line with everything else in the market, so it’s all about shopping around and making the most of your circumstances.
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Car Insurance For Women
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The question “are women drivers better than men” has been debated for years. At MotorQuoteDirect we are not concerned about who is best, as we will always do our utmost to find a competitive quote regardless of gender.
Changes to Women’s Car Insurance
Car Insurance for Women has seen a sharp rise in premiums in the last 3 years. Statistically, female drivers are far less likely to make a claim against their insurance than men, who account for over 90% of UK driving convictions and nearly all dangerous driving convictions. Therefore you would think it would be reasonable for women’s car insurance premiums to be much lower, however gender can no longer be taken into account when creating prices for insurance premiums thanks to a European ruling in early 2011. This has resulted in a rise of 30% for Women’s Car Insurance policies. With this in mind, finding the most cost effective premium is more important than ever.
When taking out insurance cover, the lower the annual mileage, the cheaper a motor insurance quote will be. Females will also tend to drive a little more cautiously than men, meaning they receive less speeding fines and endorsements which will also help with getting a competitive policy from MotorQuoteDirect.
The MotorQuoteDirect website is accessible 24 hours a day, every day, so no matter when you are looking for cheap car insurance MotorQuoteDirect will help you get behind the wheel and on the road. We understand the high cost of insuring vehicles in today’s climate, when every pound is vital, so we will always try to find the best quote for you whether it is fully comprehensive or third party. All that is required is for you to fill out our form and we will do the rest. Within minutes you will be receiving the best quotes possible from hundreds of insurance providers, all tailored specifically to your needs.