Insurance is set to rise for Female drivers due to a European Court of Justice Ruling today.
The European Court of Justice said in a statement, “Taking the gender of the insured individual into account as a risk factor in insurance contracts constitutes discrimination,”
“The rule of unisex premiums and benefits will apply with effect from December 21, 2012,” the court added.
This effectively means that Female drivers will no longer enjoy cheaper insurance because of their sex. Men, in some cases pay 100% more for insurance compared to their female counterparts.
This ruling applies to motor and life insurance as women were entitled lower premiums because they tend to live longer than men.
This ruling will affect all EU member states and could result in a 25% increase in motor insurance for women.