That's right, there are only 22 DAYS left for female drivers around the U.K to renew their car insurance before the expected price rises explode!
What is this all about you may ask? Well, the EU has decided due to equality, thatcar insurance companies cannot gender discriminate when issuing policies and offer females better prices, even though they are involved in less collisions. Meaning, young innocent female drivers will be forced to pay the same as 'Barry the boy racer' and we're seeing price rises of up to £3,000!! OUCH!!!
The average annual premium for females will rise by £362 per year after the ruling, something which the insurance industry opposed themselves. Shadow Transport Minister John Woodcock called the ruling ‘crazy’ and added: ‘People are already finding it hard to make ends meet. With motoring costs rising, working, for some, will stop being financially worthwhile. The common-sense view would be to look at the statistics that show women have fewer crashes. I cannot understand why the EU has imposed such a mad, perverse ruling.’
Now, our friends down at the Co-Operative have come up with a clever little idea, targeted mainly towards young female drivers. They are doubling the discount young females can receive through the Telematics young driver car insurance scheme. They say that 65% of drivers are worried about the cost of car insurance after 21st December. The Co-operative will increase the discount for safe drivers to 20% for those who take out or renew a Young Driver policy after 21 December. This means that if they drive safely, females should not be left out of pocket, as the increase in discount will help to offset any rise in their premiums.
Now, our friends down at the Co-Operative have come up with a clever little idea, targeted mainly towards young female drivers. They are doubling the discount young females can receive through the Telematics young driver car insurance scheme. They say that 65% of drivers are worried about the cost of car insurance after 21st December. The Co-operative will increase the discount for safe drivers to 20% for those who take out or renew a Young Driver policy after 21 December. This means that if they drive safely, females should not be left out of pocket, as the increase in discount will help to offset any rise in their premiums.
The Co-operative’s Head of Motor Insurance, Grant Mitchell, explains: “Young drivers are already paying above the odd for their car insurance, and it is unfortunate that the new law is likely to push prices up for young females even more.
So, there you have it, get renewing through the Co-Operative and see our Telematics page for more information around the technology and policies themselves.
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The Co-op have the solution for the female car insurance ruling!:
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