Understanding the factors that influence the cost of car insurance is key when looking for a policy that offers value for money. Among these factors, you might wonder if gender plays a role, specifically, whether short term car insurance is cheaper for women. Let's explore this.
Gender and Car Insurance
Historically, gender did influence the cost of car insurance. Women, statistically less likely to be involved in accidents, often benefitted from lower premiums. However, changes to legislation in recent years have shifted this landscape.
Changes in Legislation
In 2012, the European Court of Justice passed a ruling stating that insurance providers could no longer use gender as a factor when calculating premiums. This Gender Directive aimed to promote equality, meaning that whether a policyholder is male or female should not affect the cost of their car insurance.
What Influences the Cost of Short Term Car Insurance?
While gender may no longer be a determining factor, several variables still influence the cost of short term car insurance. These can include the age of the driver, their driving history, the type of vehicle being insured, and how the vehicle will be used, among other things.
Ensuring Value for Money
To ensure you find a policy that offers value for money, it's essential to compare different options. The system makes this process straightforward, providing instant online quotes from a panel of insurers for easy comparison. Remember to consider more than just the cost; ensure that the policy provides the cover you need.
Conclusion
Whilst gender used to play a role in car insurance premiums, current legislation means it no longer does. To find a competitively priced short term car insurance policy, compare quotes from various insurers and select a policy that suits your needs and budget. Why wait? Start comparing quotes today for the best available policies for your needs.