Insurance premiums for young female drivers soar...

OhEsEcks · 1 Dec 2012 at 05:28

Just browsing the BBC website and came across this article...

http://www.bbc.co.uk/news/business-20557527

Jist of it is, EU ruled gender discrimination is illegal for insurance and are upping costs. What I don't get is that gender discrimination was acceptable for years so long as you were a young man. Of course people chime in with "...well, statistically". Statistically, there's a lot of things can be said were discrimination would still be illegal. And I don't get why they're upping the costs for young women, if they argue that statistically they're less likely to be involved in accidents. Shouldn't they be looking at young men and reducing premiums based on their history and adjusting them accordingly. It seems once again the only people benefitting from this are the insurance companies.

SB118 · 1 Dec 2012 at 07:58

Statistics have shown that 100% of the time insurance companies will use any available data to screw their customers.

d_brennen · 1 Dec 2012 at 08:07

Insurance is a crock but what do you expect them to do? Your average young woman potters along too slowly, getting in the way and curbing the **** out of her alloys. The average young man thinks he's a WRC pro and has no consideration of anyone else on the road. If you were an insurer, who is going to be more of a liability? Now the EU comes along and says "you can't do that", what do you do? Profit!

danza · 1 Dec 2012 at 09:28

I'm quite surprised that they haven't been doing it for years already.

paradigm · 1 Dec 2012 at 09:31

Surely the fair thing to have done would have been to make the two meet in the middle? The increase in female premiums would offset the reduction in male.

Muffin` · 1 Dec 2012 at 10:08

Insurance premiums are calculated risk, using every piece of available data to calculate that figure is the fairest way for everyone. Doing things like this just reinforces my resentment for the EU's constant socialist ideals of spreading wealth and prosperity, or lowering if you look at it another way.

BBC said:
"The change in the law means I'm not sure if I'm going to be able to afford my car, especially when I go to university," said Miss Bond, from Fleet in Hampshire."

Also; how cheap motoring is in this country if the 'Poor University students' can afford to run a car?

Also more lol @ BBC

BBC said:
"The cost of driving could soon be beyond the reach of 19-year-old Hazel Bond, just because she is a woman."

Surprised they didn't have a quote from Germaine Greer on her thought's.

MooMoo444 · 1 Dec 2012 at 10:43

It's just more money for the insurance companys, why make both genders pay more when they could have just averaged the two.

413x · 1 Dec 2012 at 10:50

In other news insurance companies profits increase by 100%

Seriously.. Insurance needs to be reduced. More and more I feel there should be a limit on profits these essential services can make.

OpenToSuggestions · 1 Dec 2012 at 10:52

They wanted to be equal, now they have have to take the good with the bad. Also they can no longer retire 5 years earlier than men. Haha.

If it had been the other way around, with women's insurance costing more there would have been protests all over the place years ago.

allllec · 1 Dec 2012 at 11:01

BBC said:
The cost of driving could soon be beyond the reach of 19-year-old Hazel Bond, just because she is a woman.

While I don't agree with the changes on the basis there is a proven risk difference between men and women. I have to say that is the most ignorant comment I've ever seen. Ignoring the fact that young males insurance has been substantially more than that for years. I could not insure a 1.1 clio for 1.5k when I was 19!

Gribs · 1 Dec 2012 at 15:48

MooMoo444 said:
It's just more money for the insurance companys, why make both genders pay more when they could have just averaged the two.

Because the insurers now have no control over which gender they attract so could end up with a book full of high risk young men rather than an even balance.

beermonster · 1 Dec 2012 at 16:24

Mine came down £170 this year, so something must be happening, this was after saying I'd leave as the renewal was more. Oh let me just look at my available discount screen she says, yes sir we can match your lower quote from elsewhere.

"andy" · 1 Dec 2012 at 16:40

this 'should' have lowered the price of premiums for males seeing as they are increasing the massive profits they already make

obviously it wont work like that

Steve2000 · 1 Dec 2012 at 16:41

beermonster said:
Mine came down £170 this year, so something must be happening, this was after saying I'd leave as the renewal was more. Oh let me just look at my available discount screen she says, yes sir we can match your lower quote from elsewhere.

They did this with me. They were dead set on wanting £520 off me, and this was to be their absolute best offer, with all of their "special discounts" applied. I just said right cancel it then I'm not paying that. He says "hang on a minute I'll just try this on the computer". Comes back two minutes later and says "How does £380 sound?".

I'm sure most of the time they just pull whatever figures they want out of thin air. :rolleyes:

Viper² · 1 Dec 2012 at 16:46

Steve2000 said:
They did this with me. They were dead set on wanting £520 off me, and this was to be their absolute best offer, with all of their "special discounts" applied. I just said right cancel it then I'm not paying that. He says "hang on a minute I'll just try this on the computer". Comes back two minutes later and says "How does £380 sound?".

I'm sure most of the time they just pull whatever figures they want out of thin air.

They're most probably commission based over the phone.

DcD · 1 Dec 2012 at 17:48

Oh no... £1,525 for a Clio?! **** off! My insurance was £1,800 my first year for a god damn Hyundai Accent 1.3! The car was worth £800.

David _b · 1 Dec 2012 at 18:08

£2700 i paid TPF&T for my first car insurance, when 17 on a 1.9 diesel polo non turbo worth £1000.

Welcome to northern ireland, mainlanders get it handy, try over here.

Dr Who · 1 Dec 2012 at 18:14

EU and their dumb*** insurance equality rules are ridiculous, they will be saying that life assurance needs to more expensive for young people soon as old people are more of a risk and hence discriminated against :rolleyes:

Barks · 1 Dec 2012 at 18:23

Not so smug are you now Harriet Harman, when your militant feminist fallacy goes against your own kind for once.

For the record I think it's a ridiculous ruling by the EU. Young women should pay significantly less because they are safer drivers. I don't care if young girls can be a bit more retarded behind the wheel, the fact is 17 year old girls do not drive 100mph in their ill-maintained tin-cans and pose a risk to me and other road users. Lads do.

EvilDreams · 1 Dec 2012 at 18:35

Equality should mean equality.

You couldn't charge someone more or less based on their race, in fact, you'd be just about stoned to death for even suggesting that data should be collected based on race (whatever the actual facts are), so why was collecting data based on sex fine for all those years? Either everyone stops whining and lets facts decide, or equality should be enforced with no exceptions.

Also, I think we all knew this would happen.