Speculation Over Cost Of Gender Ruling

According to recent figures published by Tiger.co.uk, women motorists have seen a decrease in the cost of car insurance in the last month, despite predictions of forthcoming increases in price as a result of the European Court of Justice’s gender directive. It seems that females could be benefitting from dropping car insurance prices more than their male counterparts. According to the figures published by Tiger.co.uk in the Tiger Watch car insurance price monitor for September, women motorists saw a sharper drop in policy pricing than men, with a month-on-month drop of 4.7% compared to 1.1% for males. This is despite common concern that premiums for women could increase significantly when the European Court of Justice’s (ECJ) Gender Directive comes into force on the 21st of December this year. The predicted rise in prices as a result of the approaching ECJ directive has been referred to as "Carmageddon", but the impending doom inferred by this is largely yet to emerge. Car insurance premiums have been in decline overall in the last year and insurance companies are giving very little away in terms of future pricing strategies. With the exception of the recent announcement by car insurance brand Sheilas’ Wheels that it intends to keep price disruption to a minimum, there has been very little indication of what action other insurance companies are planning to take. Andrew Goulborn, Tiger.co.uk’s Commercial Director commented: “According to our monthly car insurance price monitor the recent trend towards increased prices for women drivers reversed in September. There is no doubt that insurance providers will have to re-evaluate their pricing as a result of the ECJ ruling, but it is still not yet evident exactly what the impact will be. As always, we would recommend that all drivers compare car insurance prices at renewal using an independent site like Tiger.co.uk to access quotes from over 90 car insurance brands including 6 of the increasingly popular telematics or black box insurance brands.”
16/10/2012 10:31:13 Mike
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