Cardiff, Wales (PRWEB) February 27, 2011
urges young female drivers to shop around for insurance coverage new engine ahead of the decision of the European Directive Gender, 1 March 2011. The decision, which will decide whether or not it is legal for insurers to charge different premiums according to sex, will lead to a massive change for providers of car insurance, if pushed through, and is likely to result in price increases for young female drivers as they absorb the difference between current rates and those of their male counterparts.
Managing Director of Confused.com
, Kevin Chidwick, said: “If the decision is reversed now, insurance providers will not be able to use sex as a rating factor in the pricing It is a premium because the insurance of automobile accidents. made by young male drivers are much more expensive because they are more likely to cause death and serious injury, and young men are being subjected to higher premiums. It will not be standing if the decision is reversed. The result is likely to be higher prices for drivers of women as they subsidize their male counterparts, who are responsible for more accidents, but it is unlikely that premiums will fall of men, at least in the short term. “
Because insurers will no longer be able to take into account gender, their overall approach to setting high prices is likely to become more cautious as the effect of changing the beds in. Based on his own car insurance index, Confused.com has recently reported an increase of 38.2% of the average premium over the last 12 months and it is likely that drivers of all ages will be hit with further increases if the change is accepted.
In particular, young female drivers are likely to suffer. Women drivers 17-20 years has seen a 37.5% increase in the price of premiums during 2010, making the policy of the average for this group? 1694. Despite being 999 more than the average premium for women in all age groups, more than 1,200 less than men the same age -? Men pay an average of 17-20 years in 2976 for a comprehensive annual premium?. As age increases the differential between the price decreases male and female, which means it will be young drivers who can least afford to suffer the most.
Confused.com recently told the transport select committee inquiry, further increases in car insurance (http://www.confused.com/) for young drivers would have implications other than just those of their Finance immediately.
“It is possible that more young people choose to drive without insurance if their premiums continue to rise,” added Kevin. “Un-insurance is generally more common among young drivers, drivers under 26 is 11 times more likely to have a conviction for driving without insurance from the past five years compared to the group over 60 years.
“While the decision could go either way, if the rules are reversed current prices could change overnight, so anyone looking to take out or renew a premium should shop around and get an agreement without delay . It will be a blow to the industry if consumers suffer further increases in prices to cover the costs of young men who cause more accidents and make claims statistically more valuable. “
Confused.com is one of the largest in the UK and the most popular price comparison services. Launched in 2002, it generates more than two million quotes per month. Initially provide quotes for car insurance, it has expanded its range of comparison products over the past two years to include motorcycle insurance (http://www.confused.com/motorbike-insurance), travel insurance, breakdown cover (http:// www.confused.com / ventilation cover) and energy and financial services products including credit cards, loans, mortgages and life insurance.
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