Hot off the press! Car cover costs young men an extra €1,000 ...deadly
YOUNG male motorists are being charged up to €1, 000 more for insurance than women
YOUNG male motorists are being charged up to €1, 000 more for insurance than womenBut insurers are being urged to narrow the gap in pricing between male and female drivers ahead of new rules that will ban the use of gender when setting premiums
000 less than a male of the same age, ie found that a 19-year-old woman can get her motor policy for €1. A survey by brokerage Chill
508, A male seeking insurance for a 1998 Honda Civic, got quotes in seven counties at €2, seeking fully comprehensive cover. Aged 19, Chill sourced 14 quotes for male and female drivers from seven counties
Fully comprehensive insurance for females varied from €1, 904 in Donegal to €1, 453 in Dublin
A similar pattern was found with third-party costs for 19-year-olds
362, 588 in the majority of the counties, Females were quoted the same €1, with those living in Dublin quoted €1. The best value for males in all counties was €1, 588
Chill said this showed the importance of seeking out a large number of quotes
- Charlie Weston Personal Finance Editor
Irish Independent
