Every sector in the UK has been affected in some shape or form by Brexit. Even a month on we’re still seeing different sectors react in some way to the monumental decision. For those who rely on their cars (or just love them to pieces!) there could be some big changes in the pipelines.

1. Insurance
The biggest impact that the European Union has had on the Insurance industry is their ruling on gender and car insurance premiums in 2012.

Previously the gender of the person applying for insurance played a large part in calculating premiums. Generally men and women crash as often as each other, but damage caused by women was usually minor when compared to men.

Head of Finance at car buying website Carwow, believes that lawmakers in the UK may try to unpick this European law so that the industry can revert to its previous method of calculating premiums.

2. Fuel Prices
Due to the fact that petrol is traded in dollars and we’ve seen a dip in the value of the pound following Brexit, we have seen the price of fuelling our vehicles rise. There is also likely to be a rise or fall in petrol prices depending on the results of the US Election in November according to Jason Lloyd from petrolprices.com.

3. Demand and Sales
So far, Brexit has not had any effect on the car market. This is due to the slow state of the car sales market. A slow market coupled with low interest rates will help to keep the car market buoyant.

4. Driving Abroad
The actual process of driving abroad is currently unchanged, although if freedom of movement is repealed then it might become a complex process driving from one end of Europe to the other.

In terms of the here and now, it’s worth bearing in mind that the pound’s drop in value means Europe is more expensive for petrol, food, than it was previously.

If you’re planning on driving in Europe, make sure you’ve got the correct insurance in place and make sure you have European break down cover.