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Parents fear big insurance bills

ONE in three parents who help with their children’s car insurance believe high premiums will force them to give up these payments after European gender equality rules come into force.

From 21 December, insurers can no longer consider a customer’s gender when calculating what their insurance premium or retirement income should be, following a ruling by the European Court of Justice last year.

Some 32 per cent of parents surveyed predicted that premiums would go up by such an extent that they would have to stop paying for their child’s car insurance.

Clare Francis, of MoneySupermarket.com, said: “A raft of other factors, from postcode to profession and points on a licence, will influence the cost of insurance.”

 

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