Young female drivers have to fork out much more money for their vehicle insurance premiums now, as a result of the introduction of new European 'gender neutral' rules.
As of December 21st 2012, insurance companies can no longer take someone's gender into account when calculating how much they have to pay for vehicle, life and retirement insurance cover.
Before the rules were introduced, young female motorists were traditionally offered cheaper car insurance premiums than their male equivalents as their accident rates on the road tended to be significantly lower.
However, price comparison website Confused.com found that the average price of comprehensive cover for a woman aged between 17 and 20 years old had jumped to £1,986 by the end of December – an increase of £279 when compared to three months earlier.
In the same period, the website highlighted that young men are paying, on average, 11 per cent less for their vehicle insurance.
Gareth Kloet, head of car insurance at Confused.com, noted: "It's clear to see that the insurance industry has both reacted and prepared for the well-documented and anticipated change in legislation during the last quarter."
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