Women and Insurance Premiums

Vita · 28 Feb 2011 at 09:50

Metro said:
Europe is likely to outlaw policies based on gender because they breach equality rights.

In the worse case, a 17-year-old female will have to pay an extra £9,300 in premiums by the time she is 26. Conversely, young male drivers could save £3,250.

Read more: http://www.metro.co.uk/news/856737-...-000-more-on-insurance-premiums#ixzz1FFHz6gT0

http://www.metro.co.uk/news/856737-...women-facing-9-000-more-on-insurance-premiums

Well this is something new.

robj20 · 28 Feb 2011 at 09:56

About time. If anything ever goes in the males favour its sexist when its the other way its perfectly acceptable.

mrk · 28 Feb 2011 at 10:05

Equality, bitches!

SB118 · 28 Feb 2011 at 10:08

So the insurance companies get to increase premiums for half their customers.

This is good how?

I_M_Weasel · 28 Feb 2011 at 10:11

Wont the insurance companies just say that its got nothing to do with gender, its calculated from the risk of the driver having an accident and back it up with some stats.

Does Europe think that policies are age discriminatory as well, we might all end up paying the same insurance as 17 year old boy, that'll be nice.

deadite66 · 28 Feb 2011 at 10:29

Also
Male pensioners could lose out in EU sex discrimination ruling

MrMoonX · 28 Feb 2011 at 10:37

I_M_Weasel said:
Wont the insurance companies just say that its got nothing to do with gender, its calculated from the risk of the driver having an accident and back it up with some stats.

Does Europe think that policies are age discriminatory as well, we might all end up paying the same insurance as 17 year old boy, that'll be nice.

they wont be able to ask about gender

HAHAHAHA you wanted equality ladies!

sovietspybob · 28 Feb 2011 at 10:37

Great so my wifes insurance could increase substantially and mine will probably stay the same, great job EU always there to help people out...

godinman · 28 Feb 2011 at 10:43

Can't they just lower mens by 50% of the difference and raise womens by the same? Win win IMO.

MrMoonX · 28 Feb 2011 at 10:43

sovietspybob said:
Great so my wifes insurance could increase substantially and mine will probably stay the same, great job EU always there to help people out...

get a multicar policy then :rolleyes

surely this might mean that men could now claim against their insurers saying that as per this ruling for years we have been unlawfully discriminated against on grounds of sex?

Profit?

ajstan · 28 Feb 2011 at 10:43

I'm glad this is happening.

If there was a male equivalent to Shelia's Wheels with men singing and saying that they are better than women drivers there would be outcry and lots of complaints from women.

Anyway, HAHAHAHAAA

merlin · 28 Feb 2011 at 11:02

Insurance costs are based on risk - that is the fairest way to price an insurance product.

What next - 17yr olds pay the same as 50yr olds due to ageism concerns?

Banning no claims bonus because of discriminating against crap drivers?

Not charging extra to drivers with 9 points on their licence because they've already served their punishment?

Banning postcode rating because it discriminates against people in inner city areas?

If you start to tamper with fundamental insurance risk assesment you're basically turning something that is statistically proven to be fair into something that is statistically proven to be unfair.

Burnsy2023 · 28 Feb 2011 at 11:25

merlin said:
Insurance costs are based on risk - that is the fairest way to price an insurance product.

What next - 17yr olds pay the same as 50yr olds due to ageism concerns?

Banning no claims bonus because of discriminating against crap drivers?

Not charging extra to drivers with 9 points on their licence because they've already served their punishment?

Banning postcode rating because it discriminates against people in inner city areas?

If you start to tamper with fundamental insurance risk assesment you're basically turning something that is statistically proven to be fair into something that is statistically proven to be unfair.

If there was a statistical variation between black and white drivers, would you be happy to let companies set premiums based on that? What about country of origin?

deadite66 · 28 Feb 2011 at 11:28

Some men rape so are all men rapists? No.

Benefit of the doubt should be given until you prove yourself a risk.

Burnsy2023 · 28 Feb 2011 at 11:30

deadite66 said:
Benefit of the doubt should be given until you prove yourself a risk.

At which point it's too late. Insurance companies need to make a decision to your risk before you have a crash, not after.

Glaucus · 28 Feb 2011 at 11:35

Just have a state 3rd party insurance, cost added to fuel. Then you just buy extra cover. Would stop insurance avoidence, work out cheaper etc.

Angilion · 28 Feb 2011 at 11:35

sovietspybob said:
Great so my wifes insurance could increase substantially and mine will probably stay the same, great job EU always there to help people out...

The claim is that the premiums for men should go down a lot, since men will no longer be charged extra to subsidise women's car insurance.

DAIR · 28 Feb 2011 at 11:35

deadite66 said:
Some men rape so are all men rapists? No.

Benefit of the doubt should be given until you prove yourself a risk.

We're not given the benefit of the doubt though.

lol we're not asked to prove we can drive safely.... Insurance Providers simply make a few assumptions then spew out a random figure.

Muffin` · 28 Feb 2011 at 11:48

Angilion said:
The claim is that the premiums for men should go down a lot, since men will no longer be charged extra to subsidise women's car insurance.

err that's not the case. Men cost more to insurance companies, hence why they're charged more!

Podmonkey · 28 Feb 2011 at 11:49

AcidHell2 said:
Just have a state 3rd party insurance, cost added to fuel. Then you just buy extra cover. Would stop insurance avoidence, work out cheaper etc.

Or would cause a lot more fuel theft.