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Thursday 25th September 2008
Young men continue to pay much more for their car insurance than young women.
According to figures from the AA, released today, this "gender gap" has increased markedly over recent years - swelling by 60 per cent since 2003.
The car insurance provider also said that premiums for young women have been falling over the past five years.
Government figures show that under-25s cause 29 per cent of deaths and serious injuries on UK roads.
Within this total, 63.4 per cent of the toll is caused by male drivers.
Simon Douglas at the AA said: "Insurance premiums are based on claims experience and the unfortunate facts are that men aged under 21 are 10 times more likely to have an accident than men aged 35 or more but young women are only five times more likely to have an accident than women aged 35 or over.
"These figures make for worrying reading and underline why young people, particularly men, pay high premiums although, of course, the first year's premium is exaggerated because they will not have earned any no-claim bonus."
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