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Wednesday, October 30, 2013

Automobile Insurance Rates - Equality is finally coming, end to sex discrimination


 

YES (if you are male), change is coming on December 21, 2013 an end to sex discrimination on the part of automobile insurance companies. Unfortunately only to male European drivers, *#@*.
For European drivers this means that women's premiums could go up as much as 24% and male rates will go down, decline percentage not disclosed.
No luck for us North American drivers, males will continue to pay more for auto insurance. (US statistics below although similar in Canada as well);
  • "The survey concluded that the greatest disparity between genders occurs under the age of 20. Male drivers age 16 to 20 pay an average annual premium of $1226.48 compared to the $965.78 paid by females."
  • "Male drivers age 21 to 24 pay an average premium of $1071.04. Female drivers in the same age group pay $1001.32 for coverage."
  • "Once male and female drivers reach the magic age of 25, this is when men can breathe a sigh of relief in terms of the amount paid. According to the survey, male and female drivers pay $825.61 and $826.43 for coverage each year, respectively. In other words, drivers over the age of 25 shouldn't be too worried about discrimination on the basis of gender."
If you would like to read the entire article click on the link to Automobile.com site  http://www.automobile.com/2012-12-comparing-male-female-premiums.html

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