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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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Women and young drivers 'to feel the pinch'

  • A third of the women surveyed would have to cut back their living expenses to cope with higher premiums and one in 10 (11%) may end up selling their car, experts have warned.
  • There are also signs that it is getting harder for young people to get a broader choice of car insurance quotes.
  • Gocompare found that 17-year-olds looking for insurance get an average of 32 quotes, three fewer than at the start of November.
  • Insurer Aviva recently found that a third of parents who help with their children's car insurance believe higher premiums when the new rules come in will force them to give up these payments.

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