Hike in the Car Insurance premiums of female drivers
Posted by Jose Lopez on May 16, 2010 | No Comments »
Recently, AA Insurance announced a 70% increase in the car insurance premiums for females of age group 17 to 22 years old. According to the Managing Director of Tiger.co.uk, female drivers must search minutely for a comprehensive car insurance cover. He believes that this 70% hike in the insurance cost for women will strike a strong blow to some young female drivers. Precisely because this escalation has surfaced at the time when insurers are already experiencing rising financial pressures. As a result, they are less interested to discount costs for what have normally been lower risk groups.
The director further stresses that shopping around has become an essential requirement in order to save money. The difference between the first ten cheap insurance premiums is £130 for 20-year old drivers. However, such price differentials are not just confined to young drivers. Top ten insurance quotes are even more lucrative for women of age group 30. These quotes differ by nearly £150. It is quite evident from this variation that one can benefit a lot from shopping around. As such, female car insurance has forever been a competitive market, with Ladybird, Diva and Sheila’s Wheels all providing substantial discounts to lure drivers. At the same time, women drivers experience comparatively fewer accidents than men and thus females are less expensive to insure. In fact, it is a proven fact that a twenty year old man would pay 60% more for his car insurance than his female counterpart.
The ultimate resolve for increased premiums is car insurance comparison site. The overburdening effect of soaring petrol prices has already created mess. Under these circumstances, these website offer the most suitable policy according to the budget of the individual. For availing best policies at minimum price, all female rivers should compare car insurance and optimize the use of online car insurance sites.
Compare car insurance with compare.com – the fastest growing comparison website.
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Tags: Car Insurance Premiums, Drivers, Female Drivers, Insurance Premiums