What do you think of Elon Musk? Have your say | No thanks
Does car insurance cost more for older drivers?
Do motor insurance companies have an ageism approach to their policy holders?
I have just received my renewal quote for renewing my fully comprehensive policy on a 2019 Toyota RAV4 Hybrid that I’ve owned since new. I do 9,000 miles a year, have no points on my licence and have a nine years protected NCB. My quote is a staggering 34 per cent higher than I paid last year. The only change to my circumstances is that I will turn 80 during the next 12 months insurance period. A comparison quote from another company who supposedly are the champions of the older motorists is 56 per cent higher than I paid last year. How can such increases be justified?
I have just received my renewal quote for renewing my fully comprehensive policy on a 2019 Toyota RAV4 Hybrid that I’ve owned since new. I do 9,000 miles a year, have no points on my licence and have a nine years protected NCB. My quote is a staggering 34 per cent higher than I paid last year. The only change to my circumstances is that I will turn 80 during the next 12 months insurance period. A comparison quote from another company who supposedly are the champions of the older motorists is 56 per cent higher than I paid last year. How can such increases be justified?
Asked on 27 September 2022 by Oscar 1
Answered by
Lawrence Allan
Unfortunately this applies both to younger drivers and older drivers as insurance is a risk-based enterprise. Based upon their data most insurance companies determine drivers under 25 and over, say, 75 generally bring with them a higher risk of accidents. However we would look at some price comparison sites or ring around other insurers to try and get a cheaper quote - often insurers raise their renewal price in the hope people won't notice.
Tags:
older drivers
insurane
Similar questions
Do I need to advise my insurance company if I have been in an accident which wasn’t my fault (I was hit from behind) or can I just claim on the other driver's insurance?
What's the cheapest car to insure for a learner driver?
I learned recently that some insurance companies will not take on a new over-80 driver which I quite understand. But it does mean (a) that if you're with them you ahve to stay with them, whatever they...
Related models
.jpg?width=115&height=75&rmode=crop)
Elsewhere on 
.jpg)
