A leading local insurance broker has expressed concern about the
new European Court of Justice gender ruling that means young women
will now pay the same car insurance premiums as young men.
Brett and Randall estimates there are up to 1,600 accidents a
year in Leicestershire where someone is injured, which involve a
young male driver aged 17 to 24.
Chris Hutchins, a director at Brett & Randall said: "You
hear friendly banter all the time about who are better drivers, men
or women, and the argument on who is better will no doubt rumble
on, but what you can't argue against are the statistics which prove
particularly amongst younger drivers that women are a better
insurance risk.
"The new ruling is going to a have a considerable effect on the
insurance industry, which sets premiums based on risk and seeks to
reward lower risk drivers like young women who are statistically
safer drivers.
"When the changes come into effect, the new system will
basically mean young women will have to subsidise the premiums
charged to young men".
Brett and Randall based its estimate for Leicestershire accident
figures on the most recent Department of Transport statistics for
2009, which also show that seven out of ten drivers in accidents
where someone is killed or seriously injured are young men.
The British Insurance Brokers' Association says the current cost
of the average car claim by an 18-year old man is £4,400,
while only £2,700 for an 18-year old woman.
The change in the rules comes into effect in December
2012.