MSE News: Insurance costs to soar as gender discrimination banned

Geordie_bear

pinkteapot wrote: »

Miles driven is a factor in price - that's why you're asked for it when obtaining a quote.

indeed they do, however my point is there should be a way devised that shows the risk of both genders being involved in an accident on the ratio of miles driven. That would be a far fairer way to calculate risk!

pinkteapot

The value of your car has absolutely no relation to the amount of damage you can do to other peoples' cars, property, health.

You could be driving a £200 car or a £20,000 car but if you give someone else whiplash it will cost the insurer the same.

Premiums are based on, statistically, what you will cost the insurer in payouts. With car insurance, it's the claims from third parties they're worried about.

Underwriter

cogito wrote: »

Insurers won't be reducing premiums for men so inevitably they will have to increase premiums for women. Is that really so difficult for you to work out for yourself?

:T

OMG I give up.

Troll.

Percy1983

castanley wrote: »

The sooner we leave this ridiculous European Union the better. Insurance is based on risk. Young men are higher risk than young women - fact!

Not all young women are better drivers than all young men - fact!

pinkteapot

No one is saying they are Percy...

Percy1983

pinkteapot wrote: »

No one is saying they are Percy...

The current insurance system people are arguing for says so.

pinkteapot

No, it doesn't. It says that statistically a young male driver is more likely to have a crash than a young female driver. There is a difference.

Ihatecameron

ashleypride wrote: »

How exactly is where you park or the area you live in nonsense?

It is nonsense because insurance companies use things like that to bump up your premium. Most people do not have the luxury of living where they like or choosing to park where they like at work, or even where they work and what type of work they do.

pinkteapot

Ihatecameron wrote: »

It is nonsense because insurance companies use things like that to bump up your premium. Most people do not have the luxury of living where they like or choosing to park where they like at work, or even where they work and what type of work they do.

Can you not see that these things affect the likelihood and potential size of a claim?

Your car is more likely to be stolen if it is parked on an inner city street than if it is locked in a garage in a quiet village. Therefore you pay more because you are statistically more likely to cost the company money.

What exactly is nonsensical about that?

Ihatecameron

pinkteapot wrote: »

Premiums are based on, statistically, what you will cost the insurer in payouts. With car insurance, it's the claims from third parties they're worried about.

That might be true in some peoples minds, but when you have never made a claim on insurance in 25 years of driving and your premiums keep rising, nearly double this year for eg, it kinda knocks that theory into a tin hat.