Older Driver Insurance Gets More Expensive

The older you get the more expensive the premiums

It's no joke that as we get older some of our faculties are not as keen to react as they did when we were younger and this is reflected in motoring casualty figures which show that drivers over 70 years of age are involved in more accidents than those in the their late forties and fifties and consequerntly older driver insurance gets more expensive.

Naturally the car insurance companies have cottoned onto this and have started adding a premium for the mature driver insurance over 70 and really loading it when you are 80 plus! In some cases as much as they would load a "boy racer" in his teens rather than for an older driver with experience insurance. It seems that the driver over 70 claims 13% more often than a driver of say 50 year old.

As we get into older average age populations there is the beginning of a problem here for a few years time. The accidents could possibly be more frequent and the services that deal with them may be pushed and stretched to their limits. who knows statistics tell you one thing and reality tells you another. We learn more about ourselves and as we age we seem to become younger than our parents were at the same age, therefore it is not a given that because we are a mature driver over 70 wanting insurance that we become blind, doddery and incompetent. Insurance companies can only go on past information to calculate their premiums for older driver insurance, so at the moment it is quite daunting.

There are still many insurance companies that will insure older drivers and a quick Internet search or to a broker will find them. There are many senior support agencies who will either put you in touch or even offer the car insurance themselves, so all is by no means lost. Sadly it seems that the older woman (Mrs Robinson?) is even more vulnerable to accidents than her male counterpart. (how can that be?!) Younger women are perceived as better drivers than young men it reverses in later life. So men are better drivers then? Did I say that? Never! Still, joking aside, this is serious, because older ladies pay much more for their car insurance for a senior lady than the same age senior man.

Some more enlightened insurance companies are today allowing the spouse of an older driver can take over the no claims bonus if they were both insured together if the spouse decides to give up driving. Those who have always driven company cars can use that no claims credit as well, so it is by no means all gloom and doom. Some car insurance policies even allow another driver to take over in an emergency, but you would need to ensure this is indeed right on your policy. One or two might even pay out some small compensation if the authorities withdraw your car driving licence, providing your record with them was good.

So we need to take steps including legal aid cover  to do what we can to prevent over enthusiastic car insurance companies taking over all of our hard earned cash as we get older and still drive, dare I say it? quite safely. So you can get older driver insurance at decent rates if you follow some simple rules, go here to find out more.