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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Young drivers 'to be most affected by hike'

The youngest drivers will be most affected. That's because young men are more than twice as likely to be killed or seriously injured in a car crash than their female peers.

Young women aged 17-22 typically pay up to 40% less for their cover than young men; well, until now at any rate. In middle age, there is little difference in premiums between the genders.

– Ian Crowder, spokesman for AA Insurance

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