Friday, December 21, 2012

EU Car Insurance Rates No Longer Sex Discriminatory

Last year, the EU Court of Justice ruled that "differences in insurance pricing based purely on a person's sex are discriminatory." Which is great for all the young men overseas who are shopping for insurance for their rides as the costs will undoubtedly go down. Although I'm sure the insurance companies will find ways around losing all that extra income. If anyone can squeeze every last penny out of you, it's them. Keep in mind, however, that with all this talk of equality and all that, this new revelation may make it's way across the pond to out shores! That would be absolutely fantastic for us considering the average male teen in California pays about 10% more over the course of a year than his female counterparts.

Personally, I've considered the practice of basing insurance rates partially off gender discriminatory my entire life. Then again, I also have the distinctive advantage of being male my entire life as well. So how exactly does this factor in to the grand scheme of things? Is this obvious display of discrimination okay because it's a big company? What makes it acceptable for them but not everyone else? The long and short of it is money. Money makes the world go 'round, as they say. Let us know what you think in the comments below. Should U.S. insurance companies change policy and discontinue basing rates on sex?


1 comment:

  1. Worse if people are involved and there are injuries or death then you may even end up in jail. With liability insurance you would receive help from the car insurance company even paying for the attorney's fee during the entire trial period. cheap car insurance quotes