PM hits out at car insurance rules

Tuesday, 01 March 2011

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The prime minister has disapproved of a new European Union ruling that could cause females to pay an inflated amount of money for their car insurance.

As a result of these new plans, insurance companies will be unable to charge prices that are influenced by a person's gender, which is leading many experts to believe that women will see an increase in their premiums.

David Cameron, speaking to the House of Commons, said: "What that says to me is that we have to work much better at risk-assessing and then stopping so much of the damaging regulation coming out of Brussels."

Mr Cameron added that one of the main reasons why women have been able to take advantage of better insurance fees is their superior "safety driving records".

Meanwhile, Moneysupermarket.com has claimed that men currently pay an average of 30 per cent more than women for car insurance.

The website also believes that females will be more financially affected by the new ruling.

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