Bad news for women: later this year, they’ll almost certainly be facing even higher insurance costs when a new ruling from the European Court of Justice banning gender discrimination goes into effect.
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.
Thanks to increases made to the car insurance rates paid by women in order to comply with new regulations from the European Court of Justice, the ability to find discount car insurance for women is in danger of extinction, new research says.
While car insurance rates fell slightly in 2011, the average price of motor car insurance is still 61 per cent higher than it was in 2006, a quarterly price index recently discovered.
Cheap car insurance for women seems to be evaporating at an increased pace, with female drivers living in regions such as Manchester, Yorkshire, and Merseyside experiencing as much as a 4.7 per cent increase in their car insurance rates over the past three months, experts say.
Many specialist providers of discount car insurance for women have had serious concerns for the motor car insurance industry as of December of this year, as a new EU ruling prohibits the use of gender in calculating premiums – but many have said that telematics-based insurance could save the industry.
New EU rules going into effect at the end of this year spell the end of discount car insurance for women, insurance experts say.
Cheap car insurance for women could be a thing of the past following December of this year, with a ruling from the European Court of Justice translating to an additional £362 being added to the car insurance rates women pay in order to comply with anti-discrimination laws.
The availability of discount car insurance for women is set to evaporate into thin air this coming December, thanks to a new EU ruling that effectively says women in the UK aren’t paying enough for their motor car insurance.
According to research recently conducted by Diamond, a provider of discount car insurance for women, the average Brit spends around £100 to personalise their car with items such as window stickers, soft toys, and seat covers, though some motorists could be risking a car accident through their zeal to accesorise their motor.