Young males pay more for car insurance

By Tom Farley, Mon 13 Feb 2012 - Published in Car Insurance

Young males are paying almost double for car insurance compared to women, according to new research by Confused.com.

The price of running a vehicle for men aged between 17 and 20 continues to soar as the report revealed that women pay Ł1,711 less than their male counterparts for cover in the UK.

For a young man to insure his vehicle it can cost up to Ł3,730 which is a significant rise on the rates given to women. The gender gap is even higher in London where premium protection prices are at an average of Ł5,523 adding to a 48 per cent increase on anywhere else in the country.

With Hasting Direct recently revealing that high petrol prices were putting off 78 per cent of people who drove a car, it is becoming increasingly expensive to own and run a vehicle.

Gareth Kloet, head of car insurance at Confused.com, said: "There is still a huge disparity between what men and women are being charged for their car insurance. It's more important than ever to shop around and we're committed to making it easier for people to save money on their car insurance."

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