Car Insurance

← Back

Women's Car Insurance could benefit newly single

Wed, 11 Jan 2006

Growing divorce rates means that many single female drivers are looking for more competitive rates on Women's Car Insurance policies.

Research from the GMAC-RFC predicts that there will be growing demand for non-confirming financial products such as mortgages and insurance because of the impact divorce/separation can have on credit histories.

Relationship agency Relate estimates that January is the commonest time for marriages to break-up and lead to divorce. This often leaves single women with complicated financial situations and a need to cut back on outgoings – shopping around for cheaper Women's Car Insurance could help to do this.

"There are still many misconceptions about the profile of the non-conforming borrower. The reality is that life changing events, in particular divorce or separation, are a major driver in becoming a non-conforming borrower," said Jeff Knight, director of marketing at GMAC-RFC.


© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.