Disparity between Female and Male Car Insurance Costs

Car Insurance CostsYoung drivers are the policy holders with the highest car insurance policies. However, in spite of this fact, the difference between insurance premiums for young male drivers and young female driver is rather significant. This is because of the fact that young male drivers pay twice as much for their insurance policies. As of a recent study, young male drivers aged 17-20 pay an average car insurance premium of £ 3,700. A young female driver of the same age, on the other hand, would be expected to pay a premium around £1,700 – £1,900.

Apart from gender, another factor that significantly affects your car insurance premium if your postcode. Now, the disparities of car insurance premiums for both male and female drivers located in London have been noticed to rise. This is because a young male driver from London will most likely receive an insurance quote of around £5,500 whist a female driver from the same location would just be expected to pay around £3,200.

According to a recent research based on more than 4 million car insurance policies collated for this very purpose, young drivers have been incurring annual increases on their policies for the past few years.

As revealed by the study, young male drivers in London have been incurring increases of up to 5.7% per year whilst drivers located in Manchester and Merseyside have incurred whopping increases of up to 10.6 %.

Last year, the average costs of car insurance policies have soared so high that the average car insurance policy cost was at £3,600. This was in spite of the fact showing that the accountability of young drivers as being the major reprobate players in car crashes has lowered. According to the figures revealed by the Department of Transport, young drivers stood accountable for 24 % in road deaths whilst figures in 2009 were 23% higher.

According to a car insurance expert who conducted the study, “As of December 2012, gender will no longer be a factor in assessing car insurance premiums., Hence, female drivers should brace themselves for the exorbitant increases that they will be receiving from then on. The study that we have here only highlights the disparity between the two genders.”

“Insurance companies and car insurance brokers still have some time to embrace the legislation. Yet with the current climate within the economy and expected increases in car insurance costs, this is the perfect time to make a move and try to save on your car insurance policy.”

Car Insurance Expert Says Alcohol Limit on Driving is Just a Myth

Car Insurance ExpertMore than half of the drivers in theUnited Kingdomdo not know what their legal limit is on driving under the influence of alcohol. According to a recent online survey, 31 % of motorists are in the dark when it comes to weight, levels of stress, gender, recent meals and age as factors being observed when a person is evaluated of alcohol levels.

In 2010, there were 250 people who were the tragic victims of drink-and-drive motorists. The number of seriously injured people reached 1,230. All of these daunting figures reflect the ignorance of motorists when it comes to drinking and driving. If only these motorists were capable of recognizing and following the legal limit for alcoholic drinking, then there would be more than 1,500 people with us today celebrating the New Year and its festivities once again.

Campaigns leader for Drink Aware, an alcohol education organization, has said that, “The fact is that even small amounts of alcohol can be capable of affecting a driver from driving less safely. The most ideal advice is to simply avoid drinking and driving altogether. If you are planning on having a few drinks at a party, it is best to make alternative arrangements like getting a cab or designated driver to take you home.”

The research revealed 13 % of motorists admitting to have felt tipsy while driving and a further 20 % would actually chance by drinking and driving.

Most surprisingly, there are 44 % of motorists who know another motorist who has been caught drink-driving. 5 % of these motorists admit to have been caught drink-driving themselves. Male drivers are frequently caught drink-driving in contrast with women.

Apart from all of these figures and percentages, it is a known fact that a drink-and-drive conviction can raise one’s car insurance premium. To highlight this factor, car insurance premiums could increase by as much as 42 % in the first year of being caught.

Car insurance expert, Gareth Kloet said that, “I advise motorists not to drink-and-drive. If you are going to drink at all, it is best not to drive. Without paying any attention to the daunting toll on drink-and-drive victims, the injured third-parties, the ban on driving, the possible conviction and jail time; a drink-and drive conviction can also prevent a driver from getting a car insurance coverage at all. The limit that they have set on alcohol is not to be taken seriously because alcohol affects each individual differently.”

 

Cheaper Car Insurance for Young Motorists Who Are Driving To School or Work

Cheaper Car InsuranceYoung motorists aged 17-24 would be able to pay a lower car insurance premium if the proposal of the Labor Part would push through. The Labor Party has brought forward a proposal to lower premiums for responsible young drivers who are either using their cars for trips to school or to work. According to the Opposition, “It is these staggering costs of car insurance that is driving young motorists off the road”.

In lieu with the proposal, the Labor party suggested car insurance providers to lower their premiums for young drivers if they are only using their vehicles as transportation to their University classes or to their part-time jobs. This is to help the younger generation stay in school or to help them obtain opportunities that would not have been able to receive if they were hindered from traveling.

In response to this proposal, car insurance providers have said that it is a nice notion but they have their doubts as to its practicality.

Car insurance companies have said that the young drivers with high-premiums only reflect the inordinate number of accidents that these drivers are involved in.

According to various statistics, it shows that male drivers under the age of 25 are 500 % more likely to be a participant in a car accident then men who are 5 years older and above.

The Opposition countered that the costs of car insurance premiums, together with the rising costs of transportation, are the main reason why young drivers are held back.

They highlighted the fact that by offering cheaper insurance for ‘timely’ journeys to college, university or work; young motorists’ opportunities would not be lost and car insurance companies would be able to prevent the link between car accidents and late night driving. As said by John Woodcock MP, Shadow transport minister, “Car insurance firms have a way to help young motorists by offering them cheaper rates that give them insurance coverage at the same time.”

“With more than one million young people without a job, the barriers that are restricting them from finding one must be removed. Yet the sky high costs of car insurance premiums are making it next to impossible for this younger generation to stay in University and continue their schooling or to find a job.”

As included in the proposal, the Labor party states that cheaper insurance rates must be combined with road awareness seminars and safety courses for young motorists.

 
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