An end to cheaper car insurance for women

27 September 2012

 

Millions of women drivers could face paying an extra £362 a year for their car insurance after a ruling by the European courts.

 

The increase follows a decision that men cannot be charged more for their policies than women and is due to take effect on 21st December 2012.

 

The ruling does not only affect car insurance as it also applies to all other types of insurance policies. For life insurance, men could see a 10 per cent fall in costs, while women’s rates could rise by as much as 20 per cent as they live longer.

 

Malcolm Tarling, from the Association of British Insurers,  said: ‘This gender ban is disappointing news for UK consumers and something the UK insurance industry has fought against for the last decade.’

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