Motor insurance costs have fallen slightly in the past year. But it appears price rises for women expected to take effect at the end of the year may already be creeping in in some places.
As a while, the average policy at the end of March cost £869 for men and £751 for women. That's a 1.8% drop for men and a 3% drop for women over the past 12 months -- though prices are still more than 60% higher than they were just six years ago.
Most in the industry are expecting significant rises for women from 21 December this year when European rule changes take effect. Insurers will no longer be allowed to charge different prices for a man and a woman who otherwise pose an identical risk.
Surprisingly that process appears to already be underway in some areas. Despite the national drop, prices for women have risen in several areas including Inner London, Manchester, Merseyside, the West Midlands and Leeds/Sheffield. In some cases the percentage rise for women has been nearly double for that of men.
The most likely explanation is that insurers are already beginning to put more emphasis on a policyholder's postcode and less on their gender.