howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Andy B
- Location: dover
- Registered: 10 Nov 2012
- Posts: 1,820
Notice how they put womens insurance up,dont suppose for one minute they even slighty considered bringing the price of mens insurance down to match womens.I think car insurance is one of the biggest rip offs of all time.Young drivers having to pay £1000s just for a small engined runaround that probably might not be worth more than a few hundred.How are young people today supposed to get started in life when the insurance costs are well out of reach of most.This is one industry that really needs shaking up and sorting out.Its no wonder that so many will take the chance and drive without it.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
saw this artical on the local news a week or two back.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Do you think I could now insure against prostate cancer for the same price they would charge a woman?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
LOL - you have shown the absurdity of the gender directive there Peter.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
insurance premiums have always been based on the records of both sexes and age groups, so the european union are now telling businesses what the can charge for their services.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
That is incorrect Howard.
The EU have set new gender equalisation rules so insurance premiums cannot be influenced by gender. Men are worse drivers (in the sense of accident records) than women, previously that could be taken into account when setting insurance rates, that is the case no longer.
It is not only what most people regard as insurance that is affected either. Pension income is also affected. Previously men could expect better pensions due to a shorter life expectancy than women. This is no longer the case.
The EU is not telling companies what they can charge just changing the basis of how charges are worked out.
This is quite frankly utterly absurd and goes entirely against the common sense basis of insured risk premiums where a higher risk of pay-out is reflected in higher premiums.
What next - age equalisation..... imagine what the will mean to car insurance premiums let alone annuity rates.
The world has gone bonkers. Mind you what else can we expect from the EU.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
thats it barry you tell them as it is.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i thought that was what i said barry, didn't make myself clear though.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I did not recognise what you said as being correct Howard. It does not reflect what is happening but it may be the way you worded it.
Terry Nunn
- Location: London Road, Dover
- Registered: 12 Mar 2008
- Posts: 4,316
A few years ago my wife (who then commuted to Canterbury) tried one of the "ladies only" insurance companies. The telephone questionnaire well until until she was asked her annual mileage. She was turned down because "ladies don't do more than 10,000 miles a year"!
Terry
Quis custodiet ipsos custodes?
Guest 656- Registered: 13 Mar 2008
- Posts: 2,262
I tried Sheila's Wheels a couple of years back, when I went to insure my two daughters on my insurance, they were learning at the time, they wouldn't insure them as they were under 21, duh!!! so needless to say I didn't renew.