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Younger drivers penalised due to age discrimination


Published :
Thu, 30 Apr 2009 10:31
By : financemarkets.co.uk
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”Younger

Motor insurance firms are guilty of age discrimination, according to new research by Moneysupermarket.com.


The price comparison site found that an average 17-year-old male will pay over £3,000 for a motor insurance policy - twice as much as an 18-year-old male driver.


Young women drivers are subject to the same discrimination, with a 17-year-old female paying 130% more than an 18-year-old female.


Steve Sweeney, Moneysupermarket.com’s head of motor insurance, said: “Young and newly qualified drivers have long been perceived as high risk by the insurance industry and often find it hard to get competitive motor insurance.”


He added that with age discrimination now illegal, “it is surprising these overnight price fluctuations still occur.


“Ultimately, I think people should be treated fairly based on their own individual risk profile.”


The Environmental Transport Association was less sympathetic.


“The youngest drivers pay more because they are most likely to be involved in crashes,” an ETA spokesperson said.


Under the Equality Bill, which outlawed aged discrimination, insurers are lawfully allowed to quote higher motor insurance premiums for young men.






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