Even rubbish women drivers pay less for cover than men
Published 06/03/2011 | 05:00
WOMEN pay less for their insurance because they're considered more cautious -- but even really rubbish women drivers can pay far less for their insurance than male drivers with spotless driving records, according to one insurance broker.
The broker found that a 65-year-old woman learner driver who has clocked up four penalty points for driving without a licence can still get cheaper car insurance than a 40-year-old man with a full clean driving licence. The 40-year-old man, who drives a 1.6-litre engine car and has no penalty points, will pay €551 for car insurance, according to Gerard MacCann, director of Chrome Insurance. A 65-year-old woman with a provisional licence and four penalty points -- who drives the same car -- will pay €549.
In another case examined by MacCann, a 52-year-old woman who made a claim for €10,000 last year after crashing her car was quoted €1,407 for car insurance -- almost €1,000 less than the price quoted to a 19-year-old male driver with a two years' no-claims bonus.
The same male driver would pay more than twice as much for his car insurance than a 50-year-old female driver with no driving experience, according to MacCann.
Last week, the European Court of Justice (ECJ) ruled it was against the law to use a person's sex when determining the cost of insurance. Premiums for women are set to rocket in 22 months' time when the verdict kicks in.
Sunday Indo Business