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Women 'unhappy with insurance law'


Friday March 4th 2011

Nearly eight out of 10 women are unhappy with a European Court of Human Rights ruling banning insurance companies from using gender-based statistics when setting their prices, a survey has revealed.

Around 78% of females quizzed in a poll by discount website MyVoucherCodes.co.uk said they think the new laws, set to come into effect on December 21, 2012, are unfair.

Just under a quarter (22%) said the decision, made in an attempt to prevent gender discrimination, is fair despite it meaning that women will have to pay more for their Car Insurance for example.

Men, on the other hand, are more supportive of the move, with 74% backing the court's decision.

Nearly two-thirds of women said that it is fair that men are charged more for Car Insurance because they are shown by statistics to be involved in more accidents on the roads.

The Association of British Insurers (ABI) estimates that women aged under 25 could see a 25% increase in Car Insurance premiums when the ruling comes into force on December 21 2012, but men are expected to see a reduction of just 10% in theirs.

Copyright © Press Association 2011

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