Car insurance for men and women: Is there any difference?

Gone are the days when men have to pay more for their car insurance. With a new law in effect, men and women pay the same amount.

10:05 08 March 2013

Previously, car insurance companies charged male drivers way more compared to their female counterparts. The reason was very simple: male drivers were considered riskier on the roads as it was thought they drove much faster compared to female drivers. 

Here’s how car insurance companies saw female and male drivers: 

 

• Women are more cautious on the road and they are usually focused when driving. 

 

• Younger male drivers are usually the ones who are involved in road accidents. 

 

• Women tend to drive less compared to men. 

 

• Men usually claim from their insurer in the event of accidents and breakdowns. 

 

However, that is now history. With the new law brought in by the European Union last year, men and women drivers are now charged exactly the same price for all types of car insurance.

 

Although this is painful news for female drivers, this is something that their male counterparts will surely warmly embrace.