Gender pricing rules start to bite
Motor premiums for young women have increased by 50% since the introduction of the European Union gender pricing rules in December.
According to research by uSwitch, 17- and 18-year-old drivers have seen the dramatic rises, while average premiums for male drivers have reduced by 12%.
The rules mean that insurers cannot use gender as a rating factor.
The uSwitch study also showed that the gap between average male and female motor insurance premiums had dropped from 14% before the rules, to 2%. Men aged 17 and 18 still pay the most for their car insurance.
Women between the ages of 36 and 40 saw premium rises of 2%, according to the study.
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