In the UK, over 75 driver car insurance may come with perks as well as disadvantages. For starters, the over age 70 age group has been marred with a sketchy reputation over the years with a record rife in accidents. According to the Association of British Insurers, drivers over 75 are 13% more likely to make claims than drivers in the 40 to 50 age bracket. Because of this increased risks, elderly drivers may be more susceptible to higher premiums and less favorable terms on their auto insurance.
High risk driver statistics will only become more prominent in the UK, with the amount of elderly drivers doubling throughout the next ten years. If the numbers hold true, more accidents will plague the roads and more claims filed. Many insurance companies may lean towards refusing auto insurance for over 75 driver’s altogether. Many insurance carriers have already taken initiatives to limit or eliminate coverage altogether. However, there are a small amount of “over 75 driver car insurance” companies that continue to specialize towards this age bracket. One prominent UK auto insurance company, Cornhill, has a new policy that allows it to accept new members up to age 84.
By the numbers, someone seeking over 75 driver car insurance will pay up to 40% more than 50 year old drivers. Typically, 50 year old drivers enjoy the lowest premiums of all age groups given their considerable experience and potential for spotless driving records. If you’re looking for over 75 driver car insurance, your best bet is to amass a perfect driving record and stay on good terms with your auto insurance carrier. Although premiums may not be the lowest, rest assured there are companies out there that specialize in covering this age group. All in all, there are many over 75 driver car insurance carriers out there for serious contention.
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