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To keep or not to keep: EU ban on offering cheaper insurance to women

To keep or not to keep: EU ban on offering cheaper insurance to women | Insurance Business UK

To keep or not to keep: EU ban on offering cheaper insurance to women
Since it was decided last year that the UK was leaving the European Union, a lot has been said about the potential impact the departure would bring. And with a separation of this magnitude, most likely you’re wondering who gets what.

Now a new survey has found that there’s one piece of EU legislation that the UK doesn’t seem to be certain whether it’d be happy to be rid of or not. Remember that rule preventing insurance companies from offering cheaper motor insurance to women? Some prefer to keep it post-Brexit; some don’t.

Here are the numbers, according to price comparison and switching service uSwitch.com:
  • 29% of UK motorists want it scrapped.
  • 50% want the rule retained.
  • 53% think it’s wrong for insurers to differentiate between men and women.
  • 40% say their car insurance premiums have gone up since the directive was introduced.

“Regardless of whether you’re a man or a woman, and whatever the government decides to do post-Brexit, there are some simple steps drivers can take to ensure they find the best deal possible,” commented Sabrina Webb, insurance expert at uSwitch.com.

Among these steps, according to the comparison website, are comparing cover types; considering telematics insurance; exploring pay per mile; increasing excess; and shopping around.


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