Women Lie More Than Men to Get Cheap Car Insurance, Study Finds

New research from eCar has revealed that women are lying more than men on to get cheaper car insurance, raising the question of why young men are being charged twice as much as women for their car insurance.
eInsurance Group, which serves almost 280,000 insurance applications a month, thus reports that 20 percent of its insurance policies sold in May alone result in fraud investigations, with 51 percent of declined applications coming from women and 49 percent from men.

The top three lies included:

• Not disclosing convictions (total 47 percent - 64 percent male, 36 per cent female)
• Misleading about license length (total 32 per cent - 32 per cent male, 68 per cent female)
• Lying about possessing a no claims discount (total 19 per cent - 47 per cent male, 53 per cent female)

"These results show that basing insurance premiums on gender alone is misguided. The insurers should do more to tackle the liars, whoever they are, and reward honest drivers," Alan Sanderson, CEO of eInsurance Group.

Motorists being dishonest has added approximately 38 percent to annual insurance premiums in the last year across the UK insurance industry. This has driven 1.3 million people off the UK's roads as a result of rising motoring costs, and the phenomenon looks to be rising.

"To combat rising insurance costs, I'd advise honesty is always the best policy. The key message behind our Truth or Dare campaign, is just that, and highlights the importance of being transparent when submitting an insurance application," Sanderson adds.