While discount car insurance for women will come to an end due to new EU regulations that go into effect this December, new evidence has emerged that many car insurance companies may be jumping the gun and raising rates on their female drivers ahead of the deadline.
It’s been over a year since the European Court of Justice made its decision barring the use of gender as a way to determine insurance premiums by 21 December of 2012. The ECJ ruled that it was a violation of equal rights law to provide discount car insurance for women, despite the statistical data showing women tend to be safer drivers than men, which means that female motorists have been bracing for higher insurance costs starting shortly before the new year.
However, reports have been emerging that while insurers have an additional eight months before they are required by law to adjust their risk assessment methods, there are a significant percentage of insurance providers that have begun to adhere to the new standards already. Industry experts say the picture of insurance premium pricing across the UK has grown ‘confused,’ as the overall price of insurance has fallen by 3 per cent for female drivers over the past 12 months, yet there are some classes of women motorists that are already suffering under car insurance rate hikes as high as 9.7 per cent, depending on the region in which they reside or their age.
One example of this phenomenon is how women between the age of 21 and 25 in both Merseyside and Manchester have experienced rate hikes of 4.7 per cent. Meanwhile, female driver between 26 and 30 years of age residing in Sheffield and Leeds have experienced their rates going up by 4.3 per cent.