Insurance Based On Sex Is A Form Discrimination (European Justice)

[RichL]

I wonder if this will go through the European courts of Justice? Lots of us blokes would be due a refund?!

http://www.bbc.co.uk/news/business-12600284

[mma]

Well I already have cheap insurance because I'm a lady.

From john, I mean johnetta.

[norman]

and quite rightly so, those bitches should pay the same.

[reidy]

I saw something about this not so long ago, the conclusion was that if that was introduced womens premiums would just be the same as mens, so no one but the insurance companies would benefit

[norman]

and you expected otherwise?

[hpotter]

amazed insurers got away with it for so long.

the flip side was they were told years ago not to discriminate against women when quoting annuity rates on the grounds they live longer...

[sixwheeledbeast]

I wonder if this will go through the European courts of Justice? Lots of us blokes would be due a refund?!

Refund!! Ha.

I am thinking it will be more likely to increase female premiums to the same level as male.

A european female car insurance tax!

[CerbNI]

Broader implications -

……the biggest winners will be young male drivers. Insuring a car for an 18-year old man can be horrendously expensive. Today’s ruling should mean that his premiums will fall a little.

Women who are paying into a defined contribution pension scheme will also benefit. Currently, when women come to buy an annuity, they get a lower income than men because they are expected to live longer. Annuity providers will now have to pay the same rates to men and women. Male annuities may fall by as much as 13%.When it comes to life insurance, men are the likely winners. Because women live for longer than men, they have a lower risk of death over a certain time period and therefore pay lower premiums during that period. That will now have to change – women will have to pay more for life insurance while male premiums should fall.

[hpotter]

……the biggest winners will be young male drivers. Insuring a car for an 18-year old man can be horrendously expensive.

and maybe firms looking to take on boy racers?