Pensioners and elderly drivers in the UK are paying an extra of almost £300, on their car insurance policies just because of their old age. So is the case with elderly holidaymakers. An independent research by a leading insurance company revealed that on an average, an old person of age 75 years would be offered a normal cover at £702. If a person of 85 years wants to purchase the same cover, the cost he/she will have to incur is about £1,224. This wide gap is equally dramatic for the elders when they go for purchasing worldwide travel insurance policies.
Car insurance supermarket figures for these elders are due to their age. Many car insurance companies consider old people as high-risk drivers owing to their slower reflexes, deteriorated vision and more probability to indulge into crashes.
A shocking result of the study also says that around 60 percent of car insurance policies are not open for drivers of age 81 years and above. Insurance companies simply refused to be offered any car insurance cover. Car insurance supermarket rates over the internet also differ from those over the telephone.
Many industry experts and spokespersons of leading insurance companies specializing in insuring elderly drivers have criticized this act, which is now being followed by a number of insurance providers. It has been proclaimed that the companies who are charging outrageous prices for car insurance policies from the elder drivers are ignoring the fact that people are leading healthy, happy and longer lives these days.
A spokesperson at ABI has tried to clear the air by saying that insurance companies are not discriminating on the age of the drivers, rather they consider the ages of the drivers where there is more probability of crashes and damage to the car. This consideration is based on the drivers’ claiming history in general.
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