Insurer warns of rising premiums for women motorists

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Insurer warns of rising premiums for women motorists

LONDON, UK - Women motorists may see their premiums for car insurance sky rocket by as much as £500 a year under a new European directive, the insurer Direct Line has warned today, according to This is London.

Under the proposed EU Gender Equality Directive, insurers will no longer be allowed to adjust premiums on insurance policies based on the gender of the driver in question.

According to Direct Line, young female motorists are in line to be the worst affected, with premiums for women aged between 17 and 24 set to increase by an average of £1,293.60 to around £1,800 in order to reflect the increased risk of insuring their male counterparts.

Research conducted by the UK insurance giant revealed that the majority of consumers were happy with the way insurers calculate their premiums, and that 83 per cent said it was appropriate to consider factors such as driving age and experience.

Commenting on the survey's findings, Emma Holyer of Direct line said: "Direct Line believes it is only fair that you pay a cost for your insurance that reflects your likelihood of having an accident.

"Introducing this law would be a step in the wrong direction and there really is no need for change. Motorists are happy with the present system, and agree it represents the fairest method of calculating premiums."

Alan Leaman, a spokesman for the Association of British Insurers, warned that the new law would have serious consequences for the insurance industry, and would most likely see the burden past on to the consumer, although he said the directive was still at an early stage and that it would hopefully be amended.

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