Rising Premiums For Senior Drivers - October 2011

This regularly updated section of the HomeApproved web site will cover the latest trends, research, opinion and developments in the UK car insurance sector. 

The Rising Cost of Motor Premiums For Senior Drivers
A lot has been made recently on the rising cost of car insurance premiums for young drivers - and with good reason!

However their is an increasingly large number of dissatisfied senior motorists who are finding their renewal premiums literally going through the roof! Even in instances where no claims discounts are maximised and no claim has been made in the year since the policy was last renewed.

Examples abound of car insurance quotes jumping significantly from 12 months ago. A specific instance was where a male driver aged 74 received his renewal quote for a comprehensive policy with a specialist older driver insurer such as Age UK. On receipt of their renewal terms it transpired that the premium had risen by 18%! No claims discount was in force and no claims had been made during the year.

Why the big rise? This is a question that many senior motorists are now asking themselves as their renewal car insurance quotes come through. In the instance of the case in the previous paragraph - yes you guessed it - said driver moved his insurance to Tesco!

Normally in situations like this we would often recommend additional reading on how to reduce your next premium, safer driving techniques, advanced driving courses etc.. However when you are not making any claims on your policy or creating any behaviour which would drive up your premiums - their is not much one can do to keep costs down.

Well, of course there is one thing you can do. SWITCH SENIOR CAR INSURANCE COMPANY!

ENDS