Car Insurance: Women urged to shop for best deals

Tuesday, 10 June 2008

A leading car insurance firm has warned women could lose out financially by not comparing competitive cover.

Swiftcover.com reveals differences of up to £600 a year on policies can be expected, with companies targeting female drivers specifically not necessarily offering the best deals.

Tina Shortle, marketing director of swiftcover.com, comments the research challenges preconceptions that motor premiums are cheaper for women, with some paying up to £944.45 a year.

However, she adds the statistics should be a lesson to all drivers not to be complacent about vehicle cover.

Ms Shortle says: "Our message to all drivers, both men and women, is to shop around - and certainly not to settle for your renewal premium until you have made sure it is competitive."

A recent study by uSwitch.com found insurance providers are making £624 million on a yearly basis from motorists who pay in monthly installments instead of one lump sum.

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Swiftcover and swiftcover.com are both trading names of AXA Insurance UK plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority