Close×

 IAG has come under fire from the Daily Telegraph for ‘ slyly slugging young male drivers with an excess twice the size of what young women pay’.

Men aged 21 to 24 who make a claim on their Coles car insurance face an additional excess of $600; females of the same age only have to pay $300 extra on top of the standard excess paid by all customers, according to the story.

Males under 21 also have to pay $300 more than comparable women — $1200 versus $900.

The Daily Telegraph reported that IAG defended the practice by saying young men make more claims but pointed out that IAG’s sister brands don’t charge young men higher excesses than women and said that neither does any other insurer.

In Europe, insurers are banned from charging men and women differently based purely on sex. But in Australia, insurers are exempt from the relevant discrimination laws.

comments powered by Disqus