But surely the cost remains pretty much the same for middle aged people, the only ones highly effected are young people. So it shouldn't have that great an impact on families? also Europe have had this process for a while now doesn't seem to have adversely affected them.
The price of equality: Insurance rockets for women.
- Thread starter Joel`
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from what ive heard everyones insurance has gone up because of the winter anyway
why did is it going to go up for women and not alternatively go down for males. The way i see it is that guys pay more because there male but if gender is taken out of the equation why will remain the same for males instead of go down. I am happy to see equality brought into insurance now but all they have done is made it more difficult for females to pay insurance while guys struggle to pay high fees anyway when fees for males could drop making it easier form them to pay and not costing females anymore
it does if you have young new drivers in the family
And the insurance companies would appreciate and accept their massive reduction in income, would they? Of course not.
thats the unfairness of it all it means now people are getting extra charges for no reason. When if that factor to insurance is removed shouldnt the extra cost it adds on be removed also.
See, this is what puts me off wanting to learning to drive, and get a car. Drivers get clobbered left right and centre. If it's not insurance, its tax. If its not tax, its the cost of petrol. And if its not that, its speed cameras. Its simply not financially viable. Slightly OT, but I just feel drivers get royally mugged off
Also, the insurance companies don't increase prices proportionally for males according to the statistics. he British Insurance Brokers' Association (BIBA) said currently the cost of the average car claim by an 18-year old man was £4,400, while that for an 18-year old woman was £2,700. (http://www.bbc.co.uk/news/business-12606610)
So on average, Men cost insurance companies 1.6 times more than women do. Yet my insurance is £3,000. A friend of mine pays £900. We have the exact same car, we live in the same area (half a mile apart), same age. The difference? She's female.
So on average, Men cost insurance companies 1.6 times more than women do. Yet my insurance is £3,000. A friend of mine pays £900. We have the exact same car, we live in the same area (half a mile apart), same age. The difference? She's female.
thats the way it should be but it wont, thats why its pointless imo. just more money for the insurance companies.
See thats the point im trying to make why are female prices being brought up rather then male prices being brought down as the factor of gender has been eliminated so the extra fee paid for in should be removed
Missed this post. See, now that theory works until you realise that in order for them to pay the same as well they need to earn the same, which just doesn't happen. We need to sort out earnings discrimination before we sort out secondary things like this, otherwise they just won't have the money. Sure, they WANT to be equal, and so they should be, and so they should pay for it. But they need to be equal in all aspects, something they're just not at the minute.
I believe the prices are adjusted so revenue stays roughly equal.
Shakhtardfc1
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About time too. 
I have been driving for nearly 2 years (will be end of June), and I pay quite alot, as do most.
Finally, we get some much needed equality in insurance, so that my careful driving pays the same as a womans.
And lets be honest, women wanted equality in all things, so this is another step forward
I have been driving for nearly 2 years (will be end of June), and I pay quite alot, as do most.
Finally, we get some much needed equality in insurance, so that my careful driving pays the same as a womans.
And lets be honest, women wanted equality in all things, so this is another step forward
There is a problem though ultimately you will have to change the family dynamic, a major reason why women earn less is because they are more likely to do part time/less overtime than men. Meaning they do more work in terms of childcare and homework but less in actual jobs. Which means unless men also do an equal share in terms of childcare women will never have the same opportunities in the workplace.
It's why I don't think 50% quotas will really work because there are less women in the work place, then there are less women full time, and then there is maternity leave. So when you make a shortlist for viable people for lets say becoming a board member you might get like 10 viable men and 2 viable women not because of experience or qualifications but due to their availability for the job.
Problem is you can't just make a law and force society to change, on paper women are equal in law anyway if not better off but the choices made are different and it's the general theme of these choices that shape society.
Completely agree there are so many other factors taken into account with woman in the workplace. Sure I want pure equality but in saying that i dont live in a world of rainbows and lollipops and its just unfortunate that we havent found a viable solution to the disparity between male and female pay.
Back on topic, i wish Australian insurance got this kick in *** as well, im turning 21 tomorrow and i still dont know how to drive because i dont want to waste my slim earnings on car insurance
Totally agree. Exactly the same argument I put forward to my girlfriend but she's still adamant that it's unfair on women. Silly girl.
Great thread! Brings up a lot of interesting issues. Joel made a particularly good point about how insurance companies make money off of charging these people higher premiums (ie it's more than 1.6 times more expensive if you're a guy)...the same thing happens in American health insurance, since Obama's plan was passed it gave them an excuse to raise prices. They would just claim that Obama's plan made them do it, when actually the research shows that they didn't need to and just jacked up the prices because they could get away with it.
I personally think all insurance premiums should start at the same base price, no matter the age, gender, etc. Then after the first infraction they can discriminate based on those things. If you have never committed a traffic violation or had an accident than you shouldn't have to pay more just because others in your group are reckless. I drive like a mom with three kids in the car but with great reflexes. You won't meet more cautious drivers than me. But when I had a car I had to pay more just for being a young male. Even though 99% of girls my age are more reckless than I am behind the wheel.
I personally think all insurance premiums should start at the same base price, no matter the age, gender, etc. Then after the first infraction they can discriminate based on those things. If you have never committed a traffic violation or had an accident than you shouldn't have to pay more just because others in your group are reckless. I drive like a mom with three kids in the car but with great reflexes. You won't meet more cautious drivers than me. But when I had a car I had to pay more just for being a young male. Even though 99% of girls my age are more reckless than I am behind the wheel.
Anthony
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Well here's a statistic for you..
I'm 38 and have never had an accident in a car, yet I pay €720 for TPFT
I have 5 sisters and 1 girlfriend who have all had accidents (multiple) over the years, yet they pay half and in some cases 1/3 of what I pay.
I understand the logic of risk assessment but it's still a load of w**k
I'm 38 and have never had an accident in a car, yet I pay €720 for TPFT
I have 5 sisters and 1 girlfriend who have all had accidents (multiple) over the years, yet they pay half and in some cases 1/3 of what I pay.
I understand the logic of risk assessment but it's still a load of w**k