Car insurance costs rising for young male drivers
The cost of car insurance for young male drivers has been rising over recent years, while premiums for young female motorists have been falling, new research shows.
According to figures from AA Insurance, young men who have just passed their driving test can expect to pay twice as much as their female counterparts for cover.However, accident data from the Department for Transport shows that almost a third of drivers killed or seriously on the road are under the age of 25, with young men accounting for almost two-thirds of them.
Simon Douglas, director of AA Insurance, points out that while it may seem unfair that young male drivers have to pay so much more, the "unfortunate fact" is that men under the age of 21 are much more likely to be involved in an accident and hence make a claim.
But he stressed: "Regardless of gender, premiums quickly fall for drivers who remain accident blame-free and don't collect driving offences."
Indeed, he said that after the first year of driving both male and female motorists are likely to find it much easier to secure cheap car insurance.
Tina Shortle, marketing director at swiftcover.com, said recently that even for younger drivers there are some considerable savings to be made by shopping around.
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