Male drivers in their twenties pay some 107% more for their motor cover than those in their thirties, according to new research...
Boy racers pay more than double for their motor insurance compared to drivers in their thirties, according to a study by moneysupermarket.com.
The price comparison site analysed some seven million motor quotes which showed that on average male drivers in their twenties paid some 107% more for their motor cover than men in their thirties, with cover costing approximately £1,123 for a “boy racer” and £543 for an older driver.
Women drivers in their twenties pay on average only £736.
Overall, the study revealed that premiums fell around 5% overall in 2006, with average premiums coming in at £832 compared to £878 for 2005. The average premium for a female driver was £646, down from £667 in 2005, while for men it was £944 compared to £976.
Peter Gerrard, insurance researcher at moneysupermarket.com, said: “It's clear from these statistics that insurers view women as mature motorists in their twenties, while men have to wait a decade longer to have their boy racer premiums wiped out.”
