How Much Does Car Insurance Cost 25 Year Old Male Car Insurance – It’s Getting Increasingly Expensive When You’re Elderly

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Car Insurance – It’s Getting Increasingly Expensive When You’re Elderly

Last year there were 550 serious accidents in which the driver was over 70 years old and where the driver was killed or seriously injured, reports the Institute of Advanced Motoring. This statistic represents 8% of the national total of 7,035 similar accidents. This means that people over the age of 70 have more very serious accidents per mile than any other sector of the population. This view is supported by the Association of British Insurers, whose research shows that drivers over 70 are 13% more likely to make a claim on their insurance than drivers in their 40s and 50s.

With the number of older drivers expected to double over the next ten years, this poses a problem for older drivers and their families, not to mention the insurance industry, the police and indeed all emergency services!

You can probably predict the insurance industry’s response. Many insurance companies already consider drivers over 80 to be as high a risk as drivers under 25, and charge the same premiums! Some are even charging premiums progressively when the driver reaches 60 years of age. Then, at 70, you will find that many insurances simply refuse to provide coverage. Norwich Union and Esure won’t quote after 70 and when the driver reaches 80 the field narrows to specialist insurers that insure older drivers. Help for the Elderly and Age Concern both market policies that do not have a maximum age. Cornhill only accepts new policyholders up to the age of 84, but if you’ve been insured for a number of years, there’s no upper age limit. RIAS and Saga are also pleased to cater for older drivers.

Because 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 than if he were 50 years old. When the driver reaches 80, the premiums reach boy racer levels! So if you’re 50, keep smiling with the lowest premiums you’ll ever experience – they won’t last forever!

And the fair sex is even worse. Although younger women are known for their safe driving, they are more prone to accidents as they age. While male drivers improve with age. (Where have we heard this before!) As a result, older women pay the highest rates for auto insurance.

It is a biological fact that eyesight and reaction times deteriorate with age. And with ever-heavier traffic and increasingly complex road networks, older drivers can become more easily disoriented and confused. Even a split second delay can make the difference between an accident and a near miss. Insurers are reacting by insisting that more elderly drivers undergo a medical before accepting insurance. The best advice is to create a no-claims record as soon as possible and purchase No-Claims Protection. This protection costs a bit more, but it’s worth the money. Then make sure you pay for any small bumps yourself.

But there are some simple steps that older drivers, and indeed all drivers, can take to reduce the likelihood of an accident and therefore become more insurable. Often it’s more about those little things and being alert to likely problems. For example, parking lots are a breeding ground for minor accidents. Knowing that take care of yourself more. Before you get back in your car, drive around to see how much room you have. Then carefully exit and make sure other drivers in the parking lot are not driving into the area you are moving into. Then, if the advancing years have stiffened your neck and your overall visibility is a little more difficult, take extra care at junctions and when backing up. Remember to move your head and turn your shoulders; thus you will increase your vision.

Many policies for older drivers contain special provisions designed to help them. On Saga’s policy, for example, ex-company car drivers can use any no-claims record they’ve built up, and if a partner is insured and the primary driver decides to stop driving, the spouse can take over registration without claims. Other policies also provide comprehensive insurance coverage for anyone who takes over driving in an emergency. Cornhill will even pay £250 if the DVLA stops you from driving due to age-related health problems.

In a move to reduce the number of accidents involving the elderly, the UK government is investigating the problem of poor health among older drivers. The idea of ​​mandatory health checks for older drivers appears to be being mooted. At the same time, some municipalities are introducing their own initiatives. Torbay Council has launched a plan to encourage families and GPs to take more responsibility to encourage older drivers who are not really fit to drive, to give up. A Torbay Council road safety spokesman said: “The problem is that older people can’t always see themselves when it’s actually time to stop driving, so those closest to them have to take responsibility.”

Meanwhile, a survey conducted by the Institute of Advanced Motorists confirms that older motorists are aware that they represent a greater risk of an accident. Seven out of ten older drivers surveyed said they would like to take a refresher course for motorway driving and six out of ten wanted to improve their performance at junctions and unlit roads. In response to these questions, the Institute has extended its advanced testing to non-member seniors to encourage them to improve and build confidence. The tests also help detect any serious problems that should encourage the driver to drive.

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