Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 25th of April 2018
November 14, 2012

uSwitch warns 24% of women could be priced off the road

by Richard Kilner

Story link: uSwitch warns 24% of women could be priced off the road

New research from uSwitch has found that almost a quarter (24%) of female drivers could be forced off the roads when the EU gender directive preventing gender being used as a risk factor for insurance comes into effect (on 21 December 2012).

According to the research 13% of women drivers might be unable to afford insurance, with 11% forced to sell their cars.

Premiums for women are forecast to soar by 25%, but despite this dramatic shift a clear majority (66%) of male drivers feel that the gender directive is fair.

Almost half (45%) of men feel they have been unfairly discriminated against in the past, but (perhaps unsurprisingly) just 18% of women think that the directive is acceptable.

Male and female motorists agree that claims history, driving capability and age are important factors for car insurance.

However, twice as many women as men believe gender should be the next most important factor, with men considering location and occupation more relevant.

Michael Ossei, uSwitch personal finance expert, said that, whilst millions of male drivers would enjoy lower premiums, female drivers ought to brace themselves for a significant increase in their insurance costs.

Last month car insurance comparison website Tiger.co.uk reported that car insurance premiums had hit a two year low with men seeing larger savings than women due to the gender directive.

 

News posted:



Related stories to uSwitch warns 24% of women could be priced off the road: