Women Paying Over The Odds On Car Insurance

Dec. 1, 2008 - PRLog -- The UK’s 18.9 million women drivers1 face price differences on their car insurance premiums of as much as £600 a year according to new research from online car insurer,  swiftcover.com .

Car insurance companies like Sheila’s Wheels and Diamond target women through female-friendly advertising campaigns, but when it comes down to hard cash, it seems they are not always as competitive as other insurers.

http://www.swiftcover.com/carinsurance/, which was voted cheapest car insuranceprovider in 2007 by www.moneysupermarket.com, looked at how much women would pay per year with a number of motor insurance brands online. In order to provide a balanced picture, four examples of women were chosen to show a range of ages, locations, car makes/models, occupations and driving histories.

The most that any of the women would pay was a whopping £944.45 a year with Diamond (see example two), £612.69 more expensive than the £331.76 quoted by swiftcover.com. Across all four examples, even the smallest average saving with swiftcover.com was over £145.

Tina Shortle, marketing director of http://www.swiftcover.com/carinsurance/compare/, comments: “Statistically, women have been shown to cause less accidents than men, which means their premiums should be much lower, but even we were surprised in the difference between what they could be charged. Our message to all drivers, both men and women, is to shop around – and certainly not to settle for your renewal premium until you have made sure it is competitive.”

How the quotes were calculated

All quotes are based on a female car owner, doing 10,000 miles a year, with the car kept on a driveway and fitted with the manufacturer’s standard security items and having had no modifications. All the women are UK residents and have had a full licence for more than 5 years. They choose a voluntary excess of £300. Quotes generated through swiftcover.com’s own research on 05/06/08.

For full details and model quote examples see; http://www.swiftcover.com/about/press/women-cheapest-car-...