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Cost of women's insurance rises

Women could see their car and life insurance premiums rise steeply from today as a European ruling comes into force that means insurers are no longer able to consider a customer's gender when calculating how much they pay.

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Female drivers urged to stick with policy

Despite the concerns, experts advise drivers not to suddenly ditch their policy to try to lock into a better deal, experts have said.

They may then be hit with a cancellation fee which could eat into any savings made and jeopardise their no-claims bonus, as successive years of insurance need to be built up.

The Association of British Insurers is urging customers not to focus on price alone but to shop around for the most suitable deal.

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