Young female drivers hit with higher car insurance premiums

Young female drivers hit with higher car insurance premiums : A new ruling from the Court of Justice of the European Union has decided that risk assessment based on gender will no longer be allowed for car insurance premiums .

The rule, which comes into effect on December 21st 2012 bans gender being a factor in accessing services or goods. The British Insurance Brokers' Association claims that young female drivers will be the hit the most and from December 2012 they could see their premiums rise by up to 50 per cent.

Insurance expert at the comparison site moneysupermarket.com Julie Owens indicates that while female drivers will feel the effects most acutely, the new directive could result in forcing some drivers not to use their cars .

She said: "This is because of a likely convergence and general rise in premiums. With record price increases to car insurance premiums, the ruling means it is likely many more motorists will be forced off the road, or even worse, be more tempted to drive without any cover at all." For the latest updates PRESS CTR + D or visit Stock Market news Today

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