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So... wimmins insurance is going up!

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Old 21 December 2012, 07:50 PM
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Boro
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Default So... wimmins insurance is going up!

So, if womens insurance is going up, even though, statistically they have fewer claims. This means the insurance companies are going to make more profit, unfairly IF they then don't reduce the overall cost of insurance for blokes.

Correct?
Old 21 December 2012, 07:55 PM
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It's supposed to make things equal in our politically correct times. Just an excuse to milk even more money out of us.
Old 21 December 2012, 07:57 PM
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I'm not sure where all this excess money is going to go. Profit for the shareholders or a reduction for male drivers?
Old 21 December 2012, 08:00 PM
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Originally Posted by Boro
I'm not sure where all this excess money is going to go. Profit for the shareholders or a reduction for male drivers?
Into the back pockets of the Eurotwats who pushed this through probably.
Old 21 December 2012, 08:06 PM
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Its supposed to be an evening out of prices, time will tell though.
Old 21 December 2012, 08:14 PM
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Women's insurance is due to go up by about 25% (dependant on age) men's insurance is likely to see a fall of 10-15% I don't see what's equal about it myself. How is it equal if men's isn't falling at the same rate as women's insurance is rising?
Old 21 December 2012, 08:48 PM
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So does this mean that no one will have to disclose their gender on insurance applications...if it is no longer being taken into account for calculating the premium why do they need to know?

As stated all it means is male insurance will stay the same and women's will increase, which as my other half is a named driver on both my policies they will increase any way

Last edited by Cockney Wideboy; 21 December 2012 at 08:49 PM.
Old 21 December 2012, 09:11 PM
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I'm hoping this won't affect me too much as being over 40. I am not looking forward to the day my daughter wants us to pay for her insurance
Old 21 December 2012, 09:32 PM
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Originally Posted by Blue and Gold
Women's insurance is due to go up by about 25% (dependant on age) men's insurance is likely to see a fall of 10-15% I don't see what's equal about it myself. How is it equal if men's isn't falling at the same rate as women's insurance is rising?
More male drivers than female, in the ratio of 5:3?
Old 21 December 2012, 09:36 PM
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The Dogs B******s
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And so it should, they are sh*t at driving.
Old 21 December 2012, 09:43 PM
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Originally Posted by Cockney Wideboy
So does this mean that no one will have to disclose their gender on insurance applications...if it is no longer being taken into account for calculating the premium why do they need to know?

As stated all it means is male insurance will stay the same and women's will increase, which as my other half is a named driver on both my policies they will increase any way
They will know your gender anyway when you put your name in, and you will still need to put your title in mr/mrs/miss etc
Old 21 December 2012, 09:46 PM
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Originally Posted by alcazar
More male drivers than female, in the ratio of 5:3?
Is this the same ratio for under 25s because as far as I'm aware this is the group set for the biggest difference

Perhaps moley could pop along and give us a definite answer? That's assuming he has some definite answer
Old 21 December 2012, 10:01 PM
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Originally Posted by The Dogs B******s
And so it should, they are sh*t at driving.
Well yes, !!


but for most of us this is just another increase as our insurances (mens and their partners tend to come out of the same pot).

Ferkin robbing *******s!!!!!!
Old 21 December 2012, 10:52 PM
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Hubbies insurance went up when he put me on his policy as a named driver

He pays nearly the same as me for an Astra diesel -v- my WRX and I have points and previous, he doesn't. I will end up paying more but I bet his stays the same
Old 21 December 2012, 11:19 PM
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I'm 21 and was buying a 2008 vectra estate 1.9tdi for work and there wanting £4500!!!
Just for one day no one in country buy fuel and everyone call up there insurance companies threatening to leave them...
If this country could go through with it that will be fuel drop and insurance!
Old 21 December 2012, 11:45 PM
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ilogikal1
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Originally Posted by Blue and Gold
Women's insurance is due to go up by about 25% (dependant on age) men's insurance is likely to see a fall of 10-15% I don't see what's equal about it myself. How is it equal if men's isn't falling at the same rate as women's insurance is rising?
Simple maths. Here's an example for you;

Under the old system a woman paid £100 and a man paid £300.

Under the new system they pay £200 each.

Woman has a 100% increase, man has 33% decrease - end result is equal though.
Old 21 December 2012, 11:55 PM
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Originally Posted by ilogikal1
Simple maths. Here's an example for you;

Under the old system a woman paid £100 and a man paid £300.

Under the new system they pay £200 each.

Woman has a 100% increase, man has 33% decrease - end result is equal though.
When does this actually start?
Old 22 December 2012, 11:51 AM
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Originally Posted by Rbon91
When does this actually start?
Yesterday.
Old 22 December 2012, 12:04 PM
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Ho ho, I'll look forward to me decrease then.....NOT.
Old 22 December 2012, 09:29 PM
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Don't believe the headlines.

On our specialist schemes it's always been the same price if you're a male or female.

On computer driven prices women getting cheaper prices isn't always the case, sometimes males come in cheaper (for the same risk).

The insurers have known about this change for a while, and the feedback we get is that most have worked around the issue already, so things won't change for most.

The only change (that i am aware of) is young females (under 19) will see their prices go up, and young males will see them reduce slightly.
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