Women Drivers May Get Insurance Price Hike in UK

Women Drivers May Get Insurance Price Hike in UK

Out in the United Kingdom, women’s insurance premiums could soar as high as 24-percent more than what they’re currently paying thanks to the EU’s Gender Directive that will be put into effect December 21st.

According to comparison site Confused.com, when the EU’s Gender Directive comes into play, insurance companies will no longer be able to vary premiums according to the policyholder’s gender. Because of that, the site believes that women drivers in the UK will see their insurance premiums rise an average of $485 (£299).

Women between the ages of 17 and 25 in central London could see the largest increase – an average premium set to cost $4,222 (£2,599), a rise of more than $812 (£500).

“The EU gender directive, which takes effect on 21 December, looks likely to spoil things, bringing uncertainty into the market once again and is likely to result in different insurance companies adopting different strategies to gain and retain the best business,” said Gareth Kloet, head of car insurance at Confused.com.

It is also believed that the Gender Directive will affect life insurance premiums and annuities used to convert pensions to annual income.

[Source: AutoExpress UK]

  • Fortunately, since she is driving on the left-hand side of her car, the driver in the photo will not be affected. That must be why she is smiling.