EU Court ruling means womens insurance quotes will increase

The video discusses the challenges young drivers face with high insurance costs, particularly in cities like London. It highlights the gender-based discrimination in insurance premiums, where women previously received better deals due to fewer accidents. A European Court ruling now prohibits gender-based discrimination, leading to increased premiums for young women and potential decreases for men. The ruling affects not only car insurance but also pensions and life insurance, emphasizing a shift towards risk-based assessments. The government is working with the motoring industry to keep insurance costs low, aiming for equality but at a potential cost for young female drivers.

What is one of the main challenges young drivers like Greg and Kate face with car insurance?

• Strict driving tests

• Limited car availability

• High insurance premiums

• Lack of driving experience

What change did the European Court ruling bring to insurance policies?

• Reduced premiums for older drivers

• Increased premiums for all drivers

• Prohibition of gender-based discrimination

• Mandatory insurance for all vehicles

How might the European Court ruling affect young female drivers like Kate?

• Their premiums could increase significantly

• They will receive special discounts

• Their insurance will be canceled

• They may see a decrease in premiums

What other types of insurance are affected by the court ruling besides car insurance?

• Pensions and life insurance

• Travel insurance

• Home insurance

• Health insurance

What is the government's role in response to the court ruling on insurance?

• To increase insurance premiums

• To provide subsidies for young drivers

• To work with the motoring industry to keep costs low

• To eliminate all insurance policies