finally woman are getting the equal footing.....

Kaise
Kaise Posts: 2,498
edited March 2011 in The Crudcatcher
......and paying proper insurance premiums! (well hopefully anyway!)

http://www.bbc.co.uk/news/business-12600284

but what i dont get is how putting womens insurance up doesnt bring mens down slightly?!
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Comments

  • Gazlar
    Gazlar Posts: 8,084
    Apparently because its done on risk, bet the insurance companies are rubbig their hands
    Oh sorry Mrs, we dont want to charge you more for exactly the same thing, but I'm afraid we will have to, law and everything

    You would think though that would free up cash to make the value of that risk more even
    Mountain biking is like sex.......more fun when someone else is getting hurt
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  • njee20
    njee20 Posts: 9,613
    I work for an insurance company, and it's not being viewed as a good thing!
  • soy_sauce
    soy_sauce Posts: 987
    njee20 wrote:
    I work for an insurance company, and it's not being viewed as a good thing!

    why is that not viewed as a good thing from the insurance company point of view (except for those specialised female insurance companies e.g. Diamond)?
    "It is not impossible, its just improbable"

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  • cat_with_no_tail
    cat_with_no_tail Posts: 12,981
    edited March 2011
    njee20 wrote:
    I work for an insurance company, and in my spare time I like to steal sweets from children and kick puppies whilst stroking my cloven hoof!

    :wink:
  • Raymondavalon
    Raymondavalon Posts: 5,346
    Equality rocks!
    Women pay higher car insurance and men pay lower life insurance/cover. Win+Win for the "ballbearing" among the species :¬)
  • njee20
    njee20 Posts: 9,613
    I'm a capacity planner, I know nothing about insurance/have no interest whatsoever, I make lots of graphs and spreadsheets, but I know my colleagues in personal motor insurance have a very dim view of this!
  • Personally I view this a extremely good thing!

    All the girls I know who drive have no business behind the wheel, but get dirt cheap insurance premiums because they are girls. I actually know how to drive a car, and not put on make-up, and drive sane, but I pay much more.

    Finally the girls are getting the equality men want :)
  • njee20
    njee20 Posts: 9,613
    I dunno, there's grounding in statistics after all, which makes it fair I think.

    When first insuring a car they have nothing to go on but the statistical likelihood that you'll crash, which is higher for young men.

    After that you have (or don't have) a NCD which will even things out as it introduces a personalised level of risk.

    My insurance only stayed higher than female friends until I proved I was at a fairly good chance of not crashing, and some of them were. Now 24 and my insurance on a group 13 car is half that of my girlfriend on a group 3 car.
  • sheepsteeth
    sheepsteeth Posts: 17,418
    i thought the premiums were based on the chances of you having a crash.

    i also thought that statistics proved women to be less likely to have a crash and that is why they are offered lower premiums, i dont see why women should be charged more on an equality basis.

    why not charge men less instead, we are all equal then and everyone* wins

    *except for insurers
  • Daz555
    Daz555 Posts: 3,976
    njee20 wrote:
    I dunno, there's grounding in statistics after all, which makes it fair I think.
    What if the insurance companies started collecting accident data with reference to religion or ethnic origin? Would it be acceptable to offer discount based on those criteria?

    Someone mentioned this on the radio yesterday and I think it is a fair point.
    You only need two tools: WD40 and Duck Tape.
    If it doesn't move and should, use the WD40.
    If it shouldn't move and does, use the tape.
  • bluechair84
    bluechair84 Posts: 4,352
    Daz555 wrote:
    njee20 wrote:
    I dunno, there's grounding in statistics after all, which makes it fair I think.
    What if the insurance companies started collecting accident data with reference to religion or ethnic origin? Would it be acceptable to offer discount based on those criteria?

    Someone mentioned this on the radio yesterday and I think it is a fair point.

    That's an interesting point considering your postcode and job alter your premium.
  • Daz555
    Daz555 Posts: 3,976
    Daz555 wrote:
    njee20 wrote:
    I dunno, there's grounding in statistics after all, which makes it fair I think.
    What if the insurance companies started collecting accident data with reference to religion or ethnic origin? Would it be acceptable to offer discount based on those criteria?

    Someone mentioned this on the radio yesterday and I think it is a fair point.

    That's an interesting point considering your postcode and job alter your premium.
    Of course this will now also no doubt go further to include age related discrimination so we can expect to see premiums go up so that they can start charging young people less for their car insurance.
    You only need two tools: WD40 and Duck Tape.
    If it doesn't move and should, use the WD40.
    If it shouldn't move and does, use the tape.
  • This also means that men will get less from pensions because their gender and shorter expected lifespan will no longer be taken into account!
  • Anonymous
    Anonymous Posts: 79,667
    i thought the premiums were based on the chances of you having a crash.

    i also thought that statistics proved women to be less likely to have a crash and that is why they are offered lower premiums,
    I heard that in a few places too, but often qualified with "the amount of crashes are roughly similar, but women tend to have less dramatic ones"
    Which I took to meaning more little bumps and scrapes than a huge manly right-off involving several rolls and an explosion or three.

    My sister and one of my exes seem particularly unlucky with cars. They've had someone reverse into their car, whilst it was parked outside their house (on the drive in my sister's case :shock: ) on a great many occasions.
  • i thought the premiums were based on the chances of you having a crash.

    i also thought that statistics proved women to be less likely to have a crash and that is why they are offered lower premiums,
    I heard that in a few places too, but often qualified with "the amount of crashes are roughly similar, but women tend to have less dramatic ones"
    Which I took to meaning more little bumps and scrapes than a huge manly right-off involving several rolls and an explosion or three.

    My sister and one of my exes seem particularly unlucky with cars. They've had someone reverse into their car, whilst it was parked outside their house (on the drive in my sister's case :shock: ) on a great many occasions.

    My mom is the same, somehow managed to get herself rear ended (no jokes guys :D) once a year for about 7 years in a row.
  • Stevo_666
    Stevo_666 Posts: 61,361
    Never mind age, my premium keeps going up because the wife keeps hitting other cars with my car :evil:
    "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
  • Anonymous
    Anonymous Posts: 79,667
    My mom
    I'd like a go on that
    Stevo 666 wrote:
    Never mind age, my premium keeps going up because the wife keeps hitting other cars with my car :evil:
    My premiums have been slowly creeping upwards since i turned 25, because of "inflation". Not by much, but it's not the utopia of cheaper and cheaper insurance I was led to believe would happen.
  • El Capitano
    El Capitano Posts: 6,401
    My premium went up nearly £300 this year. Same car, same circumstances etc. :evil:
  • Anonymous
    Anonymous Posts: 79,667
    Oh wow. mine's never gone up that much. It's usually a few quid per year or something.
  • Clank
    Clank Posts: 2,323
    My premiums have been slowly creeping upwards since i turned 25, because of "inflation". Not by much, but it's not the utopia of cheaper and cheaper insurance I was led to believe would happen.

    I'm nearly 40 and I'm still waiting for that golden goose to poop it's egg! :lol:
    How would I write my own epitaph? With a crayon - I'm not allowed anything I can sharpen to a sustainable point.

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  • njee20
    njee20 Posts: 9,613
    Yep mine went up for no reason this year too.
    What if the insurance companies started collecting accident data with reference to religion or ethnic origin? Would it be acceptable to offer discount based on those criteria?

    If there was statistical grounding to show it made a difference then I'd have no problem with that. I'll wager there is basis for it frankly, but who's going to pass that!?
  • Anonymous
    Anonymous Posts: 79,667
    It really makes me worry when friend's teenage kids start driving these days with premiums costing a couple of grand or more. Are THEY ever going to get it cheaper?
    I think the most I ever paid for insurance was £600, on a Mazda 323 1.3 (which was crap).
    My second car, when I was 19, was a Renault 5 GTX, and that was around £350 - and that's been roughly the price of my insurance ever since.
  • njee20
    njee20 Posts: 9,613
    I paid £1100 on a 1993 1.1 Fiesta aged 17 (in 2004), that dropped dramatically after a year and has got successively cheaper since. Now £350 on a Golf GT TDI, seems fair enough to me.
  • El Capitano
    El Capitano Posts: 6,401
    I was paying £550 on a 3.0 Subaru Outback. Granted it's had the engine modified, which had been declared, although when I did declare them, the premium only went up by about £100 a year, which wasn't too bad. But in November, it came in at £850! And that's with me being over 40 and full NCB and a tracker device fitted. I did do a few searches, but none of the on-line sites would give a quote and phoning around, I couldn't get anything cheaper. :(

    Still, it's a luuuurvely car to drive...
  • bluechair84
    bluechair84 Posts: 4,352
    I now drive a 2.0petrol 407 which costs me nearly as much to insure as my first year as a named driver on my mums insurance cost! Ridiculous.

    Anyway, the real premium should be on pretty girls so we don't all end up driving with our heads on backwards and rear end those in front. Get them off the road so we can concentrate!!
  • sheepsteeth
    sheepsteeth Posts: 17,418

    My mom is the same, somehow managed to get herself rear ended (no jokes guys :D) once a year for about 7 years in a row.

    i used to enjoy my annual holiday at your house
  • Kaise
    Kaise Posts: 2,498
    Anyway, the real premium should be on pretty girls so we don't all end up driving with our heads on backwards and rear end those in front. Get them off the road so we can concentrate!!

    this would be the reason why i destroyed my alfa 156 sportwagon, i was gutted, but she was fine!
  • Anonymous
    Anonymous Posts: 79,667
    kaiser83 wrote:
    Anyway, the real premium should be on pretty girls so we don't all end up driving with our heads on backwards and rear end those in front. Get them off the road so we can concentrate!!

    this would be the reason why i destroyed my alfa 156 sportwagon, i was gutted, but she was fine!
    I nearly hit a lampost on Monday due to this "issue". My cousin totalled his 205 GTi rally car when he was leering at some pretty girls, as he drove under a truck trailer :lol:
  • Kaise
    Kaise Posts: 2,498
    i didnt even brake, hit a van, which was unscathed, and i end up with no car!!