subject: What Do The Changes To Car Insurance Rules Mean For Women Drivers? [print this page] What Do The Changes To Car Insurance Rules Mean For Women Drivers?
Luckily the court wasn't asked to consider the car insurance industry's attitude to age difference, or an eighty year old woman would now be facing the same insurance costs as a seventeen year old boy!
An excuse for some shopping around
The regulations don't come into force until December 2012, although insurance companies are expected to start adjusting their costs in advance. For women drivers, especially younger women, one way to keep your insurance costs down would be to take out a new policy before the deadline. As there is no confirmation as to when costs will begin to rise, it will be worthwhile keeping an eye on the car insurance comparison sites over the next few months and as your quotes begin to rise consider changing to a new policy. With the impact expected to be a rise of 20-30% for women drivers, taking timely action could save you ?100's.
The end of "women only" insurers?
Shopping around for car insurance can hardly be classed as 'recreational shopping' even by the most devoted shoppers amongst us but it will prove essential as the costs for women's' car insurance rise. Dedicated companies who provide car insurance for women only will continue to operate, the practice of marketing to specific genders has not been outlawed as yet, which means well known insurers who focus on the low risk car drivers in the population can continue to do so.
Detailed changes
The actual costs of your car insurance will continue to reflect experience and age, so for older women the rises should not be so dramatic. However there are other ways to reduce the cost of insurance, whatever your gender and these are worth considering. For anybody who uses their car purely for social use - not commuting - you can specify this on your policy. Estimate your annual mileage as accurately as possible and make sure that you have stated this correctly on your policy. Finally consider paying your premium annually, this avoids the additional cost of setting up a monthly payment scheme and avoids the danger of bank charges in the case of the occasional bouncing payment! Using these methods it is still possible to keep the costs of car insurance down and by regularly reviewing your circumstances you should still be able to make some savings.
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