EU Court decides it is not legal to charge women less for insurance than men

PrettyBoy

Not sure if this has been posted yet.

"The European Court of Justice today decided that, from 21 December 2012, it will no longer be legal under EU law to charge women less for insurance than men."

http://ec.europa.eu/ireland/press_office/news_of_the_day/ecj-ruling-sex-discrimination-in-insurance-contracts_en.htm

"The verdict means that different priced premiums for men and women drivers will now be considered to be in breach of the EU's anti-discrimination rules."


About time.

Nissan doctor

This has been bugging me all day. I don't get the logic.

They are saying that now women's insurance will go up in line with male premiums but how the hell does this make sense??

Males(young males especially) are loaded due to being a higher risk, which means that female premiums are the base, so surely such a ruling means that male premiums should be dropping to female levels??

IMO this is will be just an excuse for insurance companies to extort more money from everyone.

I would love to hear the financial regulators view on this is......

Qualitymark

This decision also raises a thornier question.

If it's illegal to discriminate - against women, gay people, old people, people of a different colour or race than yours - in (heavens, have they no sense?) insurance, doesn't that mean that it will be illegal to charge old people more for their health insurance?

Whoopee if so.

zuroph

the theory is that mens will go down, womens will go up. this will attract more men to the market, and fewer women, so the overall balance figure will be somewhat different to what it would currently be.

Ideally it should encourage more insurers into a by case judegement, such as ignition courses. But it probably wont.

zuroph

Qualitymark wrote: »

This decision also raises a thornier question.

If it's illegal to discriminate - against women, gay people, old people, people of a different colour or race than yours - in (heavens, have they no sense?) insurance, doesn't that mean that it will be illegal to charge old people more for their health insurance?

Whoopee if so.

what insurance?

Nissan doctor

zuroph wrote: »

the theory is that mens will go down, womens will go up. this will attract more men to the market, and fewer women, so the overall balance figure will be somewhat different to what it would currently be.

Ideally it should encourage more insurers into a by case judegement, such as ignition courses. But it probably wont.

But every single report I heard today, on the radio, tv and newspaper as well as the guy from the AA all made the point that now female policies would be going up. There has not been one mention all day of males ones going down!

billyboy01

I thinks it fair to pay the same no matter what genitals you have!:)

zuroph

Nissan doctor wrote: »

But every single report I heard today, on the radio, tv and newspaper as well as the guy from the AA all made the point that now female policies would be going up. There has not been one mention all day of males ones going down!

its propoganda from the insurance companies, they really didnt want this ruling, so they're focusing on one aspect to try get people behind their cause.

phasers

what about age discrimination then? a lot of insurers won't touch you until you're 25 because you're apparently a higher risk.will that become illegal? Where do you draw the line?

fullstop

phasers wrote: »

what about age discrimination then? a lot of insurers won't touch you until you're 25 because you're apparently a higher risk.will that become illegal? Where do you draw the line?

They will. Insurance companies must insure you if you own a vehicle. They can name the price though.

Seth Brundle

another thread on this is already running
http://www.boards.ie/vbulletin/showthread.php?t=2056195383
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