Research just produced by Swiftcover reveals that millions of women throughout the UK could be paying up to £300 too much for their car insurance to firms that supposedly specialise in insurance for the fairer sex.

Evidence suggests that women are, in fact, safer drivers than men. Not only do women have less accidents than men, the accidents they do have are, on average, less serious (did you know for instance that male drivers account for 97% of danger driving convictions?). So you would assume that their premiums should always be lower than for men.

However this does not always happen, according to the research.
While the women’s specialist insurers often offer perks (wow – handbag cover!), in most cases their actual car insurance premiums will be less competitive than standard car insurance companies.

Fortunately for women, most premiums in the UK car insurance market are still cheaper for women than for men. And this is particularly the case for younger drivers in their 20’s, where females enjoy an average £320 savings over their male counterparts of the same age. But this level of savings will not necessarily be had from the women-only car insurers.

The advice: whether you are male or female, young or old…. shop around and you’ll get a good deal. Don’t be lured by a funky TV ad that seemingly targets your group. Sure, get in touch and get a quote, but then do it again with at least 4 or 5 other insurers.

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