Both men & women see car insurance price increases in Q1 2016, with the gender divide widening
Both men and women have seen average rises of 15% (£90) and 12% (£69), respectively, in 2016 compared to last year.
As a result, the average male premium now stands at £705, and £629 among female drivers.
Young men vs young women
Young women (aged 17-20) have seen an 8% annual increase in premium. This brings their average premium up to £1,577 for Q1 2016, from £1,456 this time last year. This is only £20 more than it was this time two years ago, showing that we’re on the far side of a price trough.
The rise is more pronounced among young men. Their average premiums for Q1 2016 stood at £2,150 – a 10% rise since this time last year, when they were £1,951.