Monday, 21 February 2011

Gender and vehicle insurance.

Giant price changes are likely to happen if the European Court rule on the 1st March to condemn insurers for charging different insurance prices according to gender. If such a ruling was passed, then gender will no longer be taken into account as much as it used to. Younger women, who pay less on average for motoring insurance than men, would find prices increasing massively. Younger men may experience a slight drop in premiums. However, gender could be a very variable factor in accounting for coverage, owing to the increased likelihood of certain illnesses in either sex.  

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