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You may have heard that new sex equality legislation means that insurance companies are no longer able to set different rates on premiums for men and women. Prior to this new legislation, the fact that statistics proved women to be at less risk of an accident than men, meant that comparable policies were significantly cheaper for them.  Analysts predict that premiums are about to rise by 20% for women and reduce by 10% for men to iron out any pricing inequalities. Cheaper insurance for women is going to be much harder to find.

Many women like the idea of a convertible car to be able to enjoy some summer sun and fresh air while driving, so we thought it might be a useful exercise in light of the fact that insurance premiums are about to get more expensive, to see what you can be driving for a budget of £10,000 including £1000 set aside for insurance. Basically we are looking at the best convertibles under £9000

Porsche 944 Cabriolet from around £7,000

Yes you did read that correctly. You could be driving the esteemed Porsche badge around for as little as £7000. The Porsche 944 Cabriolet is no slouch with 0-60 in under 7 seconds from a 3.0 litre engine. Admittedly they are all over 12 years old now but they were built to last and most of them will never have been pushed to anywhere near their capability. Further depreciation is not really an issue either as most of the initial value has already disappeared. For a budget of £9000, you should be able to find a really nice example and you may even be able to insure it very cheaply on a classic policy.

Audi Cabriolet from around £3,000

You won’t find one of these any newer than around 6 years old, but a budget of £9000 will get you a reasonably low mileage and quite possibly some extras like leather seats and cd changers. The Audi Cabriolet comes in a choice of engine sizes from 1800cc up to the very quick 2.8 litre V6 version. Tey are a great looking car and very reliable too..

Mazda MX-5 from around £1,800

For people on a tighter budget, a fine older example of this great little two seater roadster can be secured for around £3000. For £9000 you would expect to get one that is only around 3 to 5 years old. Offered with a choice of 1.6 and 1.8 litre engine there we plenty of special edition models with different colours and very nice additions to the standard specifications. If you can find one, a removable hard top makes a really useful feature

Peugeot 206 CC from around £6,000

This has always been a popular choice in the cabriolet market. A really nice looking car, the folding hardtop is a very useful feature. There is a choice of 1.6 and 2.0 litre engines and there are plenty of them on the market for £6000 and upwards

So if you are a woman faced with steep rises in insurance, instead of looking for cheap insurance perhaps you should think about spending less of your budget on the car but still end up with a fantastic cabriolet and put what you have saved towards your insurance.

Paula Burton, the author of this article predicts that cheap car insurance for women is going to be harder to find from the end of 2012 and suggests looking at the car market to find a cheaper and yet still very stylish car might be an answer to more expensive insurance!