Women 'making the most of cheap insurance'

Posted :18-04-2005

Women are making the most of the cheap insurance available to them by driving fast, powerful cars.

The number of women seeking to insure cars with a higher-spec performance has increased by 18 per cent over the past 12-months, according to figures from Hyperformance.

With women often viewed by insurers as being a 'low-risk' category to insure, competitive rates are available to female drivers in particular, and they are seemingly taking advantage of this, carpages.co.uk reports.

Steve McPherson, sales and marketing director at Hyperformance, stated: "Fortunately they [women] are in a good position: insurance rates for women are almost always cheaper than those levied against male drivers and this extends through to the more high performance vehicles as well."

"So this means they can now not only drive faster and own chicer models, it also won't cost them as much to insure. In some cases the saving can be several hundred pounds on the same make and model of car."

Some insurance brokers are specifically targeting women with their products in an attempt to offer increasingly competitive premiums.

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