Shop around for car insurance, consumers advised

Consumers looking for the best price on car insurance deals need to shop around, an industry body has advised.

According to the British Insurance Brokers’ Association (BIBA), both men and women benefit from approaching as many different providers as possible.

The body also revealed that “gender discrimination” is a major topic of interest in the insurance world at present.

Recently, the government opened an enquiry after asking the insurance industry to justify its practice of offering cheaper car insurance premiums to women in apparent contravention of EU law.

However, Graeme Trudgill, technical services manager at BIBA, said it is a statistical fact that women make safer drivers.

“We believe in risk based pricing, which means that the appropriate premium is paid for the appropriate risk Ö we’ve identified that ladies have fewer claims, and the claims are of a lesser amount than the chaps,” he explained.

Women are less than half as likely to die in a road accident as men, according to data from the Office of National Statistics.

© Adfero Ltd

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