Some time ago there was an EU directive declaring that from 21 December 2012 insurance companies, including classic car insurance companies, will no longer be allowed to take gender into account when assessing the level of car insurance premiums people pay.

On this date it will become law and insurance companies must respond accordingly when calculating premiums.

It is believed that not too many women are aware of this ruling and they need to be because, for many, it could result in an increase in their premiums.

At the present time, car insurance premiums for the younger male driver are significantly more expensive than for that of a female driver in the same age bracket.

Why is this? – Quite simply because a young male driver is much more likely to be involved in a car accident than a female and the amount paid out when the insurance claim is settled is likely to be significantly more.

The older that men and women get, the lower the difference in premium between both genders.

On the basis that drivers of classic cars, shall we say, tend to be more mature in age then let’s hope that ladies are not going to see a tremendously big increase in premiums. In any event, premiums for classic cars tend to be more modest than those for a modern car as the risk is significantly less with one reason being that you are unlikely to drive your classic car as many miles each year as your family car.

Nevertheless, ladies need to be aware of the above so that when they do receive their classic car insurance renewal documents they may well wish to shop around to see if they can improve on the deal they have been offered by their existing insurer but, at the same time, making sure that the level of cover and benefits provided will meet their requirements.