Summary

If youre an elderly driver or a member of your family is an elderly driver, this article explains the problems youll discover when trying to find car insurance and some useful advice on what to do.

Car Insurance. Its getting increasingly expensive when youre elderly.

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Author: Michael Challiner

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There were 550 serious accidents last year where the driver was over aged 70 and where driver was either killed or badly hurt, reports the Institute of Advanced mortgages Motoring. That statistic represents 8% of the national total of 7,035 similar accidents. That means that the over 70ss have more, very serious accidents per mile than any other sector of the population.

As the number of elderly drivers will double during the next ten years, this represents a problem for elderly drivers and their families - not to mention the insurance industry, police and indeed all of the emergency services! (car insurance quotes)

You can probably predict the response from the insurance industry. Many insurance companies already reckon that drivers over 80 are as high a risk as the under 25s - and charge premiums to match! Some are even progressively loading premiums once the driver reaches 60. Life assurance Then at 70, youll find that many insurance simply refuse to offer cover. Norwich Union and Esure wont quote after 70 and by the time the driver reaches 80, the field narrows to specialised insurers who insure elderly drivers. Help the Aged and Age Concern both market policies that have no upper maximum age. Cornhill only accepts new policyholders up to 84 but if youve been insured by them for a few years, theres no upper age limit. RIAS and Saga are also pleased to consider older drivers.

As the price of car insurance is based on historical claims experience, a 75 year old male driver can expect to pay at least 33% more life insurance than if he were aged 50. By the time the driver reaches 80 the premiums hit boy racer levels! So if youre in your early 50s keep smiling at the lowest premiums youll ever experience - they wont last forever! (cheap mortgages)

And the fairer sex fare even worse. Whilst younger women are renowned for their safe driving, they become more accident-prone as they get older. home insurance Whereas male drivers improve with age. (Where have we heard that before!) As a result, elderly women drivers pay the highest rates for car insurance.

Its a biological fact that eyesight and reaction times worsen as age creeps on. And with traffic becoming heavier and road networks ever more complex, personal secured loans elderly drivers can more easily become disorientated and confused. Even a fraction of a seconds delay can make the difference between an accident and a near miss. Insurers are reacting by insisting that more elderly drivers take a medical before agreeing to provide insurance. The best advice is to build up a no claims record and as soon as possible and buy No Claims Protection. This protection cost a bit more but its well worth the money. Then make sure you pay for any small bumps yourself.

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