Car insurance expert issues warning over new EU proposals

Thu, 07 Oct 2010

Many Britons may end up paying more for their car insurance policies if new European Union rules are introduced, it has been claimed.

Will Thomas, head of motor insurance at confused.com, told moneynews.com that premium prices are based on risk assessment .

He warned that any regulations preventing providers from using gender as a factor could have a negative impact.

"Women do not pay less for their premiums because of positive discrimination, but based on statistical evidence," he commented.

This echoes claims made recently by Simon Douglas, director of AA Insurance, who said that there are sound, statistical reasons for differential insurance pricing, especially for younger drivers .

Under the current directive, taking sex into account when calculating premiums is banned, however an exception is provided if differences in risk assessment are backed up by solid statistics.
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