Soaring Car Insurance for Pensioners

Estimated read time 2 min read

Supermarket comparison has become imperative after a research conducted by a consumer group revealed that the cost of car insurance increases when an owner crosses a certain age limit. In some cases, it is difficult to give them a policy. The research was conducted among hundreds of insurers and it was discovered that the cost of car insurance dramatically shoots up for the pensioners.

For example, the annual policy worldwide costs £383 when the insured person is seventy-four years old, whereas just after one year, the cost of car insurance of the same individual shot up to £707. Just because the person has fallen into the higher age criteria, the cost of insurance increased by £324.

Insurance Policy

After a comparison of 98 insurance policies provided worldwide, only five offered car insurance policy to the customers of over eighty years of age. There were other conclusions of the research that said that individuals above 81 years of age have to pay higher premiums for the car insurances and 60% of the insurers refuse to provide any cover for those customers. The chief executive of the research believes that the older customers do not get a much affordable deal for their car insurances.

However, the above conclusions may not be true in all cases. The customers should go through a supermarket comparison. There are different policies for every individual, which are provided based on the details provided by the customers. The customers should take quotes from various car insurance companies. It is only after a thorough comparison of all the quotes that a customer should choose a suitable quote.

Cover at Affordable Rates

A customer must always seek car insurance quotes with his true personal details. Any misguidance may give birth to hassles for the customer. The old people do not need to worry, as there are companies that provide a genuine risk cover at affordable rates.

You May Also Like

More From Author