heres a better idea...put some speed bumps in like this !!!!
That Mr. Cholmondley-Warner had the right idea.
but max.....if two companies started on same day and wanted to do business..their credit rateing would be exactly the same !!
Its only after tradeing for a period of time, that you get a real true credit rateing.
I guess I am saying the same....all start off at same point...and then depending on how good or bad your insurance risk ratein becomes.....the higher or lower your premiums.
I do understand where insurance companies are coming from, but I do feel they are punishing alot of good male drivers, who have done little or nothing wrong.
but if they were companies that had already traded, they would indeed have a track record, that I could analize and decide the risk of tradeing with them.
However I thought the whole idea if this legislation was to ensure that male and females , new drivers, were insured the same. At the moment a male same age, with same car, I believe would be more to insure. Not based on his driving skills or lack of them as the case may be.
As I say....I do see where the insurance companies are coming from, and in their shoes would probably do the same, but still don't make it fair !!
The fatality per driver figures quoted take no account of the amount of driving done by the people or the time of day. Both of which have a massive impact on accidents which gender does not.
Therefore whilst insurance companies have every right to charge high mileage drivers and those who drive at dangerous times more they have no right to assume driving habits based on gender.
Yers the scientific journal article quoted earlier and associated materials explore the matter in great depth.
will the extra money raised max go towards giving males cheeper insuranse?
We would presume that there will be now millions more pounds the insuranse companies will now get or will it just disapeer into a big black insuranse hole?
The most worrying aspect of the ruling is the can of worms it has opened up in respect of risk profiling taking into account age, race sex. There are so many risk factors that are unique to certain age groups, races and whether you are male or female that this ruling has the potential to turn the insurance business on its head and it will mean that Joe Average will end up paying more because high risk people can't be discriminated against.
In particular, certain cancers are predominent with particular gender and race - the logical step of this ruling is that this would not be able to be taken into account.
Life insurance, term insurance, motor insurance - it could all end up costing much more particuylarly if up to now you have been considered low risk.
probably a very good reason why some peeple make themselves look very silly on here.
as we have said already that some people can argue about the price of a cup of tee on here.