Confused by ECJ insurance ruling? - ask a broker
THE ruling by the European Court of Justice earlier this week that insurance premiums can no longer be rated on gender will bring brokers into their own as underwriters re-calculate prices, a Huntingdon broker believes.
Ross Wilkes, of Coversure Insurance Services, said: “As well as drivers’ own claims history and experience, insurers will take account of postcodes and occupations.”
“No one really knows what this will mean to insurers, but it is pretty clear that the biggest changes will be seen by young drivers who statistically make most claims.”
Insurance statistics show that men under 21 are twice as likely to have an accident as women under 21. Moreover, the average claim for a man under 18 is �4,400 compared to �2,700 for a woman, he explained.
“Your local broker will have access to specialist schemes and will know which insurers are most likely to suit which clients.
“This new ruling will mean that clients – particularly those who are most affected by the changes – are more likely to need good advice on which policy suits them most.”
INFORMATION: Coversure Insurance Services (Huntingdon) is at Coversure House, Vantage Park, Huntingdon PE29 6SR; telephone: 0800 3081 000. Huntingdon@coversure.co.uk
- 1 Staff threatened with sledgehammer in armed robbery at St Neots jewellers
- 2 Horse rider injured in crash on Ramsey Road in Warboys
- 3 Fire Crews called to a blaze that started in a flat in St Ives
- 4 Drug dealers operating the ‘Marlo’ and ‘Star’ lines have been jailed
- 5 St Ives man undergoes pioneering heart treatment
- 6 Thousands more homes set for Alconbury Weald
- 7 Hundreds gather to see Santa on The Quay in St Ives
- 8 Mother pays tribute to “much-loved” son who died near Fen Drayton
- 9 One arrest and cars seized on busy day for cops
- 10 Martial Arts group praised by mayor after winning trophies national competition