Men are still paying an average of 25 percent more than women, half a decade after the ruling’s implementation New EU auto insurance rates data revealed that men are consistently paying more for their policies than women. This, despite the fact that the European Union introduced a rule to stop gender price discrimination five years ago. The gender directive was meant to stop insurance companies from automatically charging women better premiums. The EU auto insurance rates regulations had been meant to stop the common practice which was costing men hundreds…
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Auto insurance could rise by as much as £500 for women in the EU
Female drivers an life coverage policyholders could find that they are paying far more very soon. Starting on December 21, life and auto insurance companies in the European Union will no longer be permitted to use a policyholders gender as a factor in the calculations of his or her premiums. On Friday, those insurers that have not already changed their rules will be required to do so. This means that women who have life or auto insurance coverage will likely find themselves paying over £500 more per year for the…
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