Men in Liverpool paying more for their car insurance than women

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New research shows men are paying £121 more, on average, for their car insurance than women.

The 26% difference has been spotted due to new research by MoneySuperMarket.

Insurers are legally not allowed to discriminate against drivers based on gender, but job roles and the type of car you drive can affect what you're expected to shell out on insurance.

Experts say to avoid costs rocketing, drivers should shop around and never let their policy automatically renew.

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The analysis of nearly 15 million car insurance enquiries on MoneySuperMarket has revealed men pay £581 on average, compared to women who pay £460.

The study looked into the many factors which can affect the cost of a premium and which ultimately contributes to the difference in price for men and women.

Occupation can directly influence the cost of car insurance, with data showing men are 84% more likely than women to work in jobs that result in an average premium of £500 or more.

For example, 96% of professional footballers who enquired about car insurance were male and they also have one of the highest average premiums at £2,166.

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Another factor which can influence price is the make and model of your car.

Men are more than five times as likely to own a car that costs £1000 or more to insure and are 16% more likely to own a car that costs £500 or more to insure.

Women are paying less than men

In contrast, 46% of women own cars that cost £499 or less to insure compared to just 37% of men.

The make and model of your car also determines which insurance group it belongs to, which helps to determine your premium.

Each vehicle type is assigned an insurance group, from 1 to 50, with higher premiums associated with the higher number groups.

While the correlation between insurance group and premium isn’t always strictly linear, people with vehicles in higher insurance groups tend to pay more.

Dave Merrick, car insurance expert at MoneySuperMarket, said: "Our research shows that on average men pay £121 more than women for car insurance.

"Whilst insurance providers cannot legally discriminate based on gender, other rating factors – such as the car you drive and your occupation – will influence the price you pay.

"Our data shows that men typically drive cars in higher insurance groups and work in professions that attract a higher insurance premium, pushing up the cost of their insurance.

"No matter your personal circumstances, there are a number of things you can do that may help to reduce the cost of your insurance.

"For example, parking your car in a secure location, fitting an alarm and reducing your mileage are all ways to bring costs down.

"Shopping around for a better deal can also save you up to £270.

"It’s vital to ensure your policy doesn't auto-renew as this can sometimes lead to an increase in your premium.

"More than 14 million motorists still allow their policy to auto-renew every year, meaning that in total £565 million more is being spent on car insurance than is needed."

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