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.
04 October 2013
Men Over 50 Are Less Likely To Know Symptoms Of Cancer
Men over 50 are less likely to know symptoms of serious diseases and have a worse diet than women, according to a new study released today by Saga Health Insurance who surveyed almost 12,000 over-50s.
Men Over 50 Are Less Likely To Know Symptoms Of Cancer
Men over 50 are less likely to know symptoms of serious diseases and have a worse diet than women, according to a new study released today by Saga Health Insurance who surveyed almost 12,000 over-50s.
11 August 2011
Heart Disease Risk Greater For Female Smokers
Women who smoke have an increased risk of developing heart disease compared to men, a new study has found. The US study, which was published in the Lancet, found that women smokers had a 25% higher risk of developing heart disease than men. The study analysed 86 previous studies involving a total of more than four million people.
Heart Disease Risk Greater For Female Smokers
Women who smoke have an increased risk of developing heart disease compared to men, a new study has found. The US study, which was published in the Lancet, found that women smokers had a 25% higher risk of developing heart disease than men. The study analysed 86 previous studies involving a total of more than four million people.
06 January 2012
Beer Belly Is The Biggest Body Issue For Men
New research shows that men have serious issues and that talking about your body is no longer confined to women. A major national study examining British men’s attitudes to their appearance reveals that over four in five (80.7%) men regularly engage in conversation about one another’s body and that most are unhappy with their muscularity.
Beer Belly Is The Biggest Body Issue For Men
New research shows that men have serious issues and that talking about your body is no longer confined to women. A major national study examining British men’s attitudes to their appearance reveals that over four in five (80.7%) men regularly engage in conversation about one another’s body and that most are unhappy with their muscularity.
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.
-
Northern Ireland WeatherThis Evening and Tonight:Dry with clear skies this evening. Patchy cloud will increase at times overnight, but some clear spells too. Light winds and some patchy shallow mist or fog towards dawn. Minimum temperature 2 °C.
