A new survey shows that 78 per cent of women believe a recent European Union ruling against gender-based pricing for insurance policies is unfair.
Earlier this week, the European Court of Justice ruled that insurers who used the customer’s gender to calculate premiums would be considered guilty of discrimination.
Only 22 per cent of women questioned by MyVoucherCodes.co.uk agreed that the move was fair. By comparison, 74 per cent of men supported the ruling – which may result in lower insurance premiums for male customers.
Almost two thirds of women felt that men should pay higher premiums for car insurance, as data shows that they are more likely to be involved in accidents.
The European ruling comes into effect on 21st December 2012. Estimates from the Association of British Insurers (ABI) indicate that women under 25 could see a 25 per cent increase in motor insurance costs … while men could expect premiums to reduce by just 10 per cent.
Maggie Craig, ABI’s Acting Director General, said: “This gender ban is disappointing news for UK consumers and something the UK insurance industry has fought against for the last decade. The judgment ignores the fact that taking a person’s gender into account, where relevant to the risk, enables men and women alike to get a more accurate price for their insurance.”