It is obtaining on for 2 years given that the European Court of Justice’s (ECJ) gender directive banned insurers from using a driver’s sex as a factor when calculating automobile insurance coverage costs – meaning that, in the eyes of insurers at least, all men and ladies motorists are created equal.
Public opinion of course, is not that simple…so right here at MoneySuperMarket, we did our own investigation.
Vehicle insurance coverage: Do males or females claim a lot more? | MoneySuperMarket.com
What’s in a claim?
To discover out whether it was guys or girls that made the more careful drivers, the MoneySuperMarket quantity-crunchers analysed over 11million auto insurance quotes and located that it is, in fact, girls who are far more probably to make a claim on their auto insurance for an accident they were deemed to be at fault for.
So, that settles it then, men should be the a lot more careful drivers, appropriate? Not necessarily.
Our data also shows that though ladies make much more claims, the average expense of a claim is £2,771, whereas the average expense of a claim made by a male driver is £3,187. This 15% boost suggests that though men make fewer claims, they are involved in much more serious accidents.
This is backed up by the fact that the highest proportion of claims created by women (37%) are below £1,000 and the highest proportion of claims carried out by males (34%) are higher than £2,000.
Not only that but 5% of claims produced by male drivers cost over £10,000, compared to just 3% created by females.
The figures also showed that new drivers pose a larger risk than experienced motorists with virtually a quarter (24%) of ‘at fault’ claims made by these with significantly less than 5 years’ knowledge at the wheel.
General, road accidents account for the vast majority (87%) of all automobile insurance claims with the typical ‘at-fault’ claim costing £2,979 and precipitating an enhance in premium cost of as much as 8%.
Battle of the sexes
So, does this mean that although girls make a lot more claims, they’re really the safer drivers as any accidents they do have are a lot more probably to be minor ones?
Kevin Pratt, auto insurance specialist at MoneySuperMarket, mentioned: “Speculating about the relative driving overall performance of men and women can be a minefield, but the standard explanation for the discrepancy in the size of claims on gender lines is that guys drive far more typically on motorways and rapidly trunk roads for operate purposes, so if they have a crash it will be in busy site visitors, at high speed, and will outcome in higher harm and injury. The corollary is that a lot more ladies than guys have low impact bumps and scrapes in vehicle-parks. Additionally, it could be the case that men drive far more pricey automobiles.”
He added: “The world is changing, however, and a woman is just as most likely to be driving to a operate appointment up the M1 as a man, and a man is just as most likely to be performing the weekly shop at the supermarket. So maybe we’ll see the price-per-claim figures develop closer with each other. Or possibly women are actually better drivers and the gap will stay. All we know for particular is that, thanks to the ban on taking gender into account when calculating insurance premiums, drivers will be rated according to their personal qualities, not whether they are male or female.”
So, still no clear answer to the age-old question of no matter whether it’s men or ladies who make for better drivers, meaning the ECJ’s selection to stop insurers using gender as when calculating quotes could well have been a sensible decision.
What is clear even though is any claim you make will bump up your premium price tag, regardless of your sex – so if you have suffered a prang it’s even a lot more vital to shop about at renewal to get the best deal on cover.
See who came out on leading when MoneySuperMarket conducted its own battle of the sexes…
Why do men make larger auto insurance coverage claims?
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