(PRWEB UK) 21 December 2012
Today is the day that has become known as G-Day within the insurance industry. Insurance companies will no longer be able to price insurance based upon the policyholder’s gender, following a European Court of Justice ruling that was agreed last year and comes in to force today.
Women who take out insurance products such as life insurance or car insurance could find themselves paying higher insurance premiums as of today due to insurance providers no longer being able to take gender into account when calculating premiums.
There has been much speculation over what the EU Gender Directive will mean for motorists and in particular the impact it will have on the pricing of insurance policies. Car insurance comparison site Tiger.co.uk has been looking at the costs of car insurance for women as part of its monthly car insurance price monitor Tiger Watch.
Andrew Goulborn, Commercial Director for Tiger.co.uk commented: “We have been keeping an eye on the cost of insurance for female drivers in the run up to the ruling. We still don't know exactly how the market is going to look post 21 December, but it is clear that prices have increased in the approach to it and the assumption is that they could continue to rise. We would encourage all drivers, particularly women, to use an independent car insurance comparison site like Tiger.co.uk rather than just accepting a renewal quote from their insurer ."
Tiger.co.uk is a trading name of Call Connection Ltd. Tiger.co.uk is a UK based, independent car insurance comparison site, offering insurance quotes from over 150 motor insurance brands. Call Connection Ltd is authorised and regulated by the Financial Services Authority (number 308374).