Motor Insurance for Men going DOWN this December? - MINI Cooper Forum

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post #1 of 5 (permalink) Old Sep 19th, 2012, 09:10 PM Thread Starter
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Motor Insurance for Men going DOWN this December?

Is anyone aware of how much motor insurance for women is likely to go up when the EU Gender Directive comes in in December?

As I understand it, it's going to be illegal for insurers to differentiate on the grounds of gender.

So... Women are going to pay more for critical illness insurance, and men are going to pay up to 25% more (!!!) for income protection.

Personally, I think it's political correctness working the WRONG way, but.. what about motor insurance?

Historically, men have paid a lot more than women for car insurance - for good reason! But does this mean that car insurance for males is going to go down?

Does anyone know the facts? Should we all be thinking about renewing our motor insurance in December?
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post #2 of 5 (permalink) Old Sep 20th, 2012, 02:56 PM
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Going down? you must be joking.
The only things going down as far as cars are concerned are its value and its tyres.
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post #3 of 5 (permalink) Old Sep 20th, 2012, 06:30 PM
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I'm sure that insurers, especially car insurance companies, will find some way around the directive. There is bound to be a loophole which can be exploited, at least in the short term.

I can't imagine they'll whack a (potentially massive) premium on all ladies' car insurance, but they're hardly going to knock hundreds of pounds OFF every bloke's insurance policy, especially the youngsters and boy racers!

Will be interesting to see what happens, but I don't anticipate paying any less come renewal!
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post #4 of 5 (permalink) Old Nov 25th, 2012, 06:49 PM
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You work hard to buy an automobile to enjoy your trips or may be to support your business needs. Any uncertainty can lead to damage resulting in huge losses. And you are aware the costs to get your automobile repaired in the event of a damage or even replacing just in case it is stolen, can be huge. Hence it makes sense to buy a comprehensive Motor Insurance Policy to give you the all round protection.
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post #5 of 5 (permalink) Old Nov 25th, 2012, 07:25 PM
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I'd say women's premiums will go up. These situations are never seen as ways to charge people less, it's unfortunately seen as a way as ripping people off. Having said that its wound me up for a long time that women do get cheaper insurance. I sold my old SportKa to a girl who was 20 and had written off 2 other standard ka's and declared both incidents yet was still able to obtain a reasonably priced policy for a higher powered car... I on the other hand at the time had 3 years NCB and no accidents was driving longer than her and was paying through the nose for it.

Fair?

I think not.


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