There has been an awful amount of press comment in recent months about the European Union gender directive to make it illegal for car insurers to differentiate between male and female drivers when it came to calculating car insurance premiums based on their sex.
Classic Car
You will be aware that, statistically, female drivers are less likely to be involved in a car accident than their male counterparts but that can no longer be reflected in car insurance premiums. This ruling came in to effect from 21 December 2012.
So, for many women receiving their classic car insurance premium renewal notices after that date they are likely to see an increase in the cost of insuring their beloved classic car.
What should you do?
Well, the sensible course of action would be to shop around to see if you can get a cheaper deal elsewhere than the revised premium quoted in your renewal notice. It is such a competitive market place and there are so many different companies offering classic car insurance that you may be able to negate the proposed increase in your renewal premium.
By all means talk to your existing insurer and see if there is anything that they can do but also go on the Internet and check out the premiums with at least one price comparison website.
You could also review the details of the cover that you have in place to see if there are any changes you could make to it such as reducing the number of miles that you travel in your classic car each year. If you only do 2,500 miles a year in it there is no point being insured for say 7,000 miles. Who is insured to drive the vehicle – if only you drive the car then there is no point in having insurance to cover any driver.
For the sake of a few minutes of your time you may be able to save yourself some money.
