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Young male motorists face extremely high premiums, a new report has shown, whereas women drivers have a far shorter wait for cheaper car insurance.

The average cost of insurance for a male driver aged between 20 and 29 is £1,123 a year, which is more than twice what they would have to pay to cover their car after passing the age of 30.

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By contrast, female motorists in their twenties can expect to pay premiums of only £736, according to the study by moneysupermaket.com, which means a saving of more than 50 per cent on what they would have had to pay as a teenager.

Insurance researcher Peter Gerrard commented: "It's clear from these statistics that insurers view women as mature motorists in their twenties, while men have to wait a decade longer to have their boy racer premiums wiped out.

"Younger drivers often find it hard to get competitive motor insurance, as insurers rate them as a high risk group, but there are ways they can cut their insurance costs, such as adding a parent to their policy."

Drivers of both sexes saw their premiums drop last year, with the cost of car insurance for men falling to £832 from £878 in 2005, while for female drivers it dropped from £667 to £646.

Official statistics show that drivers aged under 30 account for nine out of ten serious accidents in the UK - a figure that rises to near the 95 per cent for male motorists.

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