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Cost of women's insurance rises

Women could see their car and life insurance premiums rise steeply from today as a European ruling comes into force that means insurers are no longer able to consider a customer's gender when calculating how much they pay.

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Car insurance in figures

  • The figures show that the average best price for female car insurance has gone up from £748 on 1 November 2012 to £932 on 19 December 2012.
  • However, male premiums are virtually unchanged for the same period.
  • The average best price for 17- and 18-year-old females has risen 32 per cent from £1,910 at the start of November this year to £2,523.
  • Male 17- and 18-year-old premiums have decreased by 10 per cent over the same period from £3,855 to £3,460, Gocompare said.
  • The site, which says it has monitored more than 10 million car insurance quotes since January last year, said this is the biggest shift it has seen in premiums so far.
  • MoneySupermarket have said that insurers could soon be jostling for position in the fast-moving market.

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