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.
You may also want to watch:
“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 Warning after man spotted in Huntingdon hanging around vehicles
- 2 Help for dog owners who bought puppies in lockdown
- 3 Van crashes into pram, killing five month old baby
- 4 Dad's emotional tribute after baby son dies in A10 horror crash
- 5 Dad uses own mental health struggles to support other men
- 6 Dog owners urged to take extra precautions after spate of thefts
- 7 Covid-19 vaccine rolled out at care home in Huntingdon
- 8 County council ploughs £3.4m into farm deal
- 9 More than 60 fines issued to Covid rulebreakers in Cambs this year
- 10 Astronomers at Alconbury are searching for signs of alien life in space