
Why women can still get cheaper car insurance
Insurance companies are barred from making an
applicant's sex a factor in calculating insurance premiums. No-one said
anything about the applicant's job, however, and it is undeniable that there
are certain occupations traditionally taken up by males, and some which are
predominantly female. We got quotes for a 21-year old lady from a well known
price comparison engine, inputting precisely the same description each time,
apart from the occupation. We checked ten of the more traditionally female
occupations, with ten of the more male-dominated jobs, and the results are
in the table below.
Popular female job | Lowest Quote | Popular male job | Lowest quote |
---|---|---|---|
Secretary | 833.80 | Truck driver | 1151.25 |
Nurse | 839.30 | Janitor | 1151.25 |
PR officer | 865.70 | Farmer | 1158.60 |
Beauty therapist | 932.80 | Engineer | 1204.83 |
Insurance underwriter | 932.80 | Production supervisor | 1245.20 |
HR officer | 929.60 | Carpenter | 1246.83 |
Care assistant | 924.00 | Heating engineer | 1262.91 |
Cashier | 940.02 | Car mechanic | 1258.37 |
Librarian | 942.24 | Sales rep | 1400.17 |
Teacher | 1026.27 | Labourer | 1430.00 |
Conclusion
For the particular young lady we chose, her average premium for a more female-inclined occupation was £916.65. For the more male-oriented jobs the average was £1250.94. This means a difference of £334.29, which means that, on average, someone in a more male-dominated occupation, with, otherwise, exactly the same profile, would have had to have paid over a third more than someone in an occupation more traditionally staffed by females. Good news for male nurses and secretaries, but awful news for female sales reps or manual labourers.