Prices on insurance products could be different for men and women if the EU Gender Directive is reversed, now that the UK has voted for a Brexit, the Automobile Association (AA) has said.
Under gender neutral pricing, which forms part of the directive, it is illegal for insurers anywhere in the EU to base the cost of a policy using gender as a risk factor. This ruling was introduced in December 2012.
The AA says the directive could be reversed following an exit from the EU. However, it believes this reversal is unlikely because the industry "has now adapted well" to the ruling and there would be a significant cost to insurers to do so.
In addition, under current legislation UK motorists can legally drive their cars in any other EU country and benefit from the minimum level of insurance cover - usually third party protection.
Although there will be no immediate change to this arrangement, the AA fears it could be withdrawn in the long term.
AA's president Edmund King said: "While the fallout of the referendum result will continue to be discussed, there are lots of points drivers will want to see resolved."
