Menu
11/04/2012
Men Pay More For Life Insurance
Men across the UK are paying far more for their life insurance than women, accordng to new research.
Men are paying an average of 26% more per policy, per year. To make matters worse, Confused.com reveals that a shocking 1 in 4 men never shop around for anything better.
Matthew Lloyd, Head of Life insurance at the firm, said: "Men complain that women take too long shopping, but men need to learn from women if they want to get the best deals - on life insurance, but also day to day items too."
According to evolutionary psychology, men and women's shopping behaviours are adapted from the traditional roles of men being hunters and women being gatherers. Men, the hunters, locate their item as quickly as possible, whereas women, the gatherers, spend time analysing the different items in order to get the best deal.
Men fail to get the best bargains especially at Christmas, with 39% of women shopping for presents from January onwards, compared to nearly 1 in 5 (19%) of men who leave it until the week before, inevitably overspending.
When clothes shopping, half of UK men (50%) take less than an hour to buy an outfit, whereas the majority of women (89%) actually take up to 5 hours. An overwhelming 78% of hunter men admit to buying clothes without trying them on first, compared to only 25% of women.
As a quarter of men (24%) default to their favourite shop, 48% of women shop around, before making their final (and best) purchase online or in a sale.
This is because the single-minded hunter men don't like going from shop to shop - 42% buy their groceries in one store, compared to nearly half (49%) of gatherer women who go to several shops, seeking out the best deal.
When it comes to shopping in the sales, men's aversion to shopping means that they are already lagging behind women's eye for a bargain, with 23% of men preferring to shop in the sales compared to 31% of women.
Whereas nearly 1 in 3 men don't shop around for life insurance, there is one thing that they do shop around for: a car. Over 54% of men think that a car is the most important purchase to bargain hunt for, whereas the majority (32%) of women believe that it's a holiday that matters most. This is because hunter men prefer bigger 'catches'. Hundreds of years ago this would
have been an antelope for dinner, these days it's a car.
Matthew Lloyd continued: "Men are happy to spend the time shopping around for lifestyle purchases they perceive as important, such as a car or television, but comparing life insurance quotes doesn't seem worth the effort for many. However, they could be saving money by doing so."
(GK)
Men are paying an average of 26% more per policy, per year. To make matters worse, Confused.com reveals that a shocking 1 in 4 men never shop around for anything better.
Matthew Lloyd, Head of Life insurance at the firm, said: "Men complain that women take too long shopping, but men need to learn from women if they want to get the best deals - on life insurance, but also day to day items too."
According to evolutionary psychology, men and women's shopping behaviours are adapted from the traditional roles of men being hunters and women being gatherers. Men, the hunters, locate their item as quickly as possible, whereas women, the gatherers, spend time analysing the different items in order to get the best deal.
Men fail to get the best bargains especially at Christmas, with 39% of women shopping for presents from January onwards, compared to nearly 1 in 5 (19%) of men who leave it until the week before, inevitably overspending.
When clothes shopping, half of UK men (50%) take less than an hour to buy an outfit, whereas the majority of women (89%) actually take up to 5 hours. An overwhelming 78% of hunter men admit to buying clothes without trying them on first, compared to only 25% of women.
As a quarter of men (24%) default to their favourite shop, 48% of women shop around, before making their final (and best) purchase online or in a sale.
This is because the single-minded hunter men don't like going from shop to shop - 42% buy their groceries in one store, compared to nearly half (49%) of gatherer women who go to several shops, seeking out the best deal.
When it comes to shopping in the sales, men's aversion to shopping means that they are already lagging behind women's eye for a bargain, with 23% of men preferring to shop in the sales compared to 31% of women.
Whereas nearly 1 in 3 men don't shop around for life insurance, there is one thing that they do shop around for: a car. Over 54% of men think that a car is the most important purchase to bargain hunt for, whereas the majority (32%) of women believe that it's a holiday that matters most. This is because hunter men prefer bigger 'catches'. Hundreds of years ago this would
have been an antelope for dinner, these days it's a car.
Matthew Lloyd continued: "Men are happy to spend the time shopping around for lifestyle purchases they perceive as important, such as a car or television, but comparing life insurance quotes doesn't seem worth the effort for many. However, they could be saving money by doing so."
(GK)
Related UK National News Stories
Click here for the latest headlines.
17 February 2004
UK sees 20% increase in multiple births over 10 years
Mothers are having 20% more multiple births than they were a decade ago, according to figures released today by the Office for National Statistics (ONS). Statistics have revealed that in 2002, the multiple birth rate was 15 per 1,000 women giving birth, compared with 12.5 in 1992.
UK sees 20% increase in multiple births over 10 years
Mothers are having 20% more multiple births than they were a decade ago, according to figures released today by the Office for National Statistics (ONS). Statistics have revealed that in 2002, the multiple birth rate was 15 per 1,000 women giving birth, compared with 12.5 in 1992.
24 September 2013
High Street Shop Closures Slow Slightly
The rate of high street shop closures has slowed slighted, according to a study. In the first half of the year, some 18 shops closed each day in town centres, down from 20 per day for the same period last year. Overall, 209 shops closed in the first half of the year, compared with 953 for the same period last year.
High Street Shop Closures Slow Slightly
The rate of high street shop closures has slowed slighted, according to a study. In the first half of the year, some 18 shops closed each day in town centres, down from 20 per day for the same period last year. Overall, 209 shops closed in the first half of the year, compared with 953 for the same period last year.
23 September 2004
NHS recruitment drive to focus on over 50s
A new nationwide drive to recruit NHS staff, which will focus for the first time on the over 50s, has been was launched today. NHS Job Shop Day comprises of 220 events taking place around the country on or around 23 September. Around 150 Jobcentres across England will also be holding special NHS events on 23 September as part of NHS Job Shop Day.
NHS recruitment drive to focus on over 50s
A new nationwide drive to recruit NHS staff, which will focus for the first time on the over 50s, has been was launched today. NHS Job Shop Day comprises of 220 events taking place around the country on or around 23 September. Around 150 Jobcentres across England will also be holding special NHS events on 23 September as part of NHS Job Shop Day.
15 June 2015
Two Men Wanted Following Armed Robbery
Birmingham Police are searching for two men who are wanted following the armed robbery of a shop in Winson Green. Two men rushed into the premises on Dudley Road shortly after 2am. They demanded money, threatening staff with a machete. It is understood the men fled with the shop's takings, cigarettes and a bottle of vodka.
Two Men Wanted Following Armed Robbery
Birmingham Police are searching for two men who are wanted following the armed robbery of a shop in Winson Green. Two men rushed into the premises on Dudley Road shortly after 2am. They demanded money, threatening staff with a machete. It is understood the men fled with the shop's takings, cigarettes and a bottle of vodka.
25 September 2014
Masked Men With Axes Stage Daylight Raid Of Glasgow Arcade
Police have appealed for information after four masked men, armed with axes, staged a daylight smash-and-grab robbery in Glasgow's Argyll Arcade. The four men entered the arcade wearing masks and carrying axes, they set off a smoke bomb before trying to smash shop windows at about 12:15 on Tuesday.
Masked Men With Axes Stage Daylight Raid Of Glasgow Arcade
Police have appealed for information after four masked men, armed with axes, staged a daylight smash-and-grab robbery in Glasgow's Argyll Arcade. The four men entered the arcade wearing masks and carrying axes, they set off a smoke bomb before trying to smash shop windows at about 12:15 on Tuesday.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
