Motor Insurance
Focusing on both competitive premiums and your individual
requirements as a whole to bring you tailor made,
cost-effective, peace of mind.
A motor vehicle is often one of the most expensive items you will buy. Despite this, motor insurance is frequently sold on the cheapest premium and wrongly, on the assumption that all policies are the same other than the price.
At Cass-Stephens, we focus not only on premium but your individual requirements as a whole, whatever the circumstance.
Our team will search a range of competitive insurers for all your private car insurance needs.
We can also offer invaluable add-on policies such as Motor Breakdown, Key Protection cover and Legal Expenses.
Our extensive panel of insurance companies enables us to assist with a wide range of customer requirements, so why not give us a call today on 01452 300888.
EU bans 'gender discrimination' in motor insurance
March 2011
Using gender as a risk factor in motor insurance "constitutes discrimination", says The European Court of Justice.
The ECJ has ruled that insurers will no longer be able to charge different premiums to men and women because of their gender. “In the insurance services sector, the general rule of unisex premiums and benefits is invalid with effect from 21 December 2012,” the Court announced this morning. “Taking the gender of the insured individual into account constitutes discrimination.”
The ruling removes the motor insurance industry’s exemption from the 2004 Gender Directive. The industry will have almost two years to adapt to the changes, with unisex premiums taking effect from 21 December 2012.
The Financial Services Authority has estimated that the ban on gender differentiation in motor insurance will cost the industry 3-4% of annual premiums, putting the cost to the motor insurance industry at around £400m, according to the latest figures from the Association of British Insurers. The ABI has estimated that women’s motor insurance premiums will rise 25% on average and up to 50% for younger drivers. The ABI expects motor insurance premiums for men under 25 to drop 10%.
