Europe Prepares For Unisex Car Insurance

In Britain, gender is a huge factor for determining car insurance rates. Starting in December 2012, however, the gender factor will be eliminating, finally balancing the cost of insurance for both sexes.

Las Vegas, Nevada (I-Newswire) December 13, 2012 - In America, drivers understand that age and gender have a direct influence on car insurance rates. Male drivers in the U.S., for example, cost a lot more to insure than the counterpart female driver. This discrepancy in insurance rates is what led the European Union to eliminate gender as a determining insurance factor.

Starting December 21, 2012, men in the EU are going to be charged much less for car insurance. The average British man under 20 years old pays roughly $4,675 a year for car insurance, while the average woman under 20 only pays $2,441.

Car insurance companies call this gap the gender directive. In 2004, the European Court of Justice made a final ruling on the gender issue, which extends its reach into the realm of financial and insurance contracts throughout Europe. Britain, Italy and Ireland are the countries expected to see the most change in insurance rates.

However, the news is not all good. Rather than simply seeing male drivers' rates decrease, experts are expecting to simply see a dramatic rise in the rates that female drivers pay. The rates will be equalized by bringing the female cost up instead of dropping the male cost down.

And the price gap is a big one to fill. A 16-year-old female driver in Europe, for example, pays $3,689 per year for car insurance. Her same age male counterpart pays $4,287, creating a difference of 16 percent between the two.

As drivers get older, the rates begin to balance out and even shift in the opposite direction. A 25-year-old female driver pays $1,616 per year, while a male driver pays $1,593.

Of course, in the U.S. gender is only one of many factors, including zip code and driving record.

About Invest America Insurance

All insurance companies are not created equal. At Invest America Insurance, we're dedicated to provi   More..ding the lowest premiums and the best customer service to our clients.Less..

Contact Information

Invest America Insurance
6190 W. Charleston Blvd.
Las Vegas, NV
Phone : (702) 685-3888

Published in:


Published On:

December 13, 2012

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

The G.G.W. Gorilla Glass Windshield
The G.G.W. Gorilla Glass Windshield is a lighter, clearer, and tougher windshield.

Variety of Used Cars Model in Bangalore
The usage of used cars in Bangalore has been increasing day by day.

The Lighting Belt For The Vehicle Seat Belt.
The Lighting Belt is the perfect way to light up your seat belt for safety.

Bruner Motors Sponsors Texas Baptists Golf Classic
Bruner Motors of Stephenville, Texas recently sponsored the Texas Baptists Golf Classic which benefits Texas Baptists Disaster Recovery work.

Problems with Used Cars Purchase in Bangalore from Wrong Dealerships
The Professionals Used Car Dealers provide the complete used cars maintenance report to the buyers that reveal the exact condition of car without any hidden.