By December 21, 2022, it stood that a full decade had passed since the price gap in car insurance for women versus men within the European Union had been closed. This milestone signified the end of gender-based pricing differences in motor insurance across EU member states, aligning with the principles of gender equality embedded in European law and the EU Charter of Fundamental Rights.
The move away from gender-differentiated policy pricing challenged the traditional actuarial approaches that tied premiums to gender as a primary risk factor. Experts note that the abolition of gender-based cut-off coefficients in underwriting and pricing led to noticeable shifts: premiums for young female drivers, particularly those aged 17 to 18, tended to rise by 15% to 38%, reflecting a broader recalibration of risk assessment in the market. Meanwhile, overall adjustments across the sector showed women’s insurance costs increasing on average around 14%, while costs for men declined by roughly 5% in many markets. These changes illustrate how insurers rebalanced risk factors after gender-based disparities were removed, aiming to preserve actuarial soundness while upholding equal treatment under the law. [Source: EU gender equality policy]
Vote – win Lada!
People are invited to participate in the Behind the Wheel Grand Prix, a public voting event designed to highlight the year’s standout car innovations. The goal is to celebrate performance, safety, efficiency, and value in new models introduced recently. Participants contribute their opinions on which new vehicles deserve top recognition, helping to shape consumer conversations around the latest automotive trends.
As a token of appreciation for taking part, a drawing offers several prizes to survey respondents. The incentive is available to everyone who completes the questionnaire and submits their entry before the stated deadline in February. [Source: event organizer policy]