Car insurance specialists at Cuvva explained rising costs for elderly motorists were nothing uncommon.
They said: “Insurance companies usually charge more because drivers over 70 are (statistically) more likely to be involved in a crash and suffer serious injuries.”
Earlier this year, an Express poll found that a staggering 97.66 percent of readers didn’t believe older motorists should pay higher insurance costs than younger road users.
Money Saving Expert claimed there is a belief among firms that older road users are involved in more crashes and therefore more likely to make a claim.
They commented: “Car insurance tends to reduce in price over time as the driver becomes more experienced and (hopefully) builds a higher no-claims discount.
“Yet as you reach 80+, this goes into reverse, and your insurance then typically starts getting more expensive again. The rationale is that older drivers aged 80+ tend to be in more accidents.”
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.