New EU Equality law – More EU Stupidity!

I hear that the new law to force insurance companies to charge men and women the same amounts for car insurance etc etc. It’s a law based on barmy socialist ideals, totally disregarding the fact that insurance premiums are based on risk.

We are informed today that men will pay less and women more for their car insurance. I think the balance is rather unfair for young drivers and they all pay too much, so I can see some sense in making changes here.

Where pivate pensions are concerned, men will have to pay more and women less. Now this I really don’t understand given that on average, women draw their pensions for many more years than their male counterpart.

Private money purchase pensions are a duff product and have been for a couple of decades. I don’t see this changing for a long time. Young people can blame pension companies and governments for depriving them of a decent supply of affordable starter homes. If private pensions had been supported by government, individuals might not have felt the urge to find alternative means of securing their retirement income (in buy-to-let investments).

Aside from this matter, I really don’t get why women have enjoyed the right to draw a pension several years before men. Given that they live a lot longer, shouldn’t men retire at 60 and women 65? Seems completely fair when you look at life expectency stats for men and women.

The EU keep foisting ever more rules and regulations on us. It’s time the UK took back control of it’s own destiny!

totally disregarding the fact that insurance premiums are based on risk.

you missed out a word, it’s “shared risk”

This seems such a major change it’s incredible how it’s not been discussed on STW already.

Shared risk, plus the fact that your premium is based on your statistical chance, or that of a large enough peer group to make the statistic meaningfull, of having an accident

Plus it’s not the repair costs of the (presumably cheap) car that the young drivers are in that drives the high premiums, but the healthcare costs of the family they crash into!

That and the fact that a whole industry now exist to milk the insurance system, with expensive courtesy cars and ambulance chasing personal injuries lawyers. They’re encouraging the same people to make speculative claims as are the people shunting that the costs are too high.

LOLz

Another SpOngefail. Like fish in a barrel these days.

http://www.singletrackworld.com/forum/topic/insurance-equality-for-women

http://www.singletrackworld.com/forum/topic/equality-in-insurance

Golf clap for the DailMailPants tag 🙂

sockpuppet – Member
…That and the fact that a whole industry now exist to milk the insurance system, with expensive courtesy cars and ambulance chasing personal injuries lawyers. They’re encouraging the same people to make speculative claims as are the people shunting that the costs are too high.

Sounds just like a PR release from the insurance companies. They have been feeding this line to the press for years now.

Hope you never get hurt.

Judges aren’t dumb.

totally disregarding the fact that insurance premiums are based on risk

True

I think the balance is rather unfair for young drivers and they all pay too much

If your first statement is correct, on what basis can you then make this second statement?

Either premiums are risk-based or they’re not. As a generality, young people drive more recklessly than older people, and men have a greater claim cost per mile driven than women.