Over 50s ‘beneficiando di più’ dalle cadute nei prezzi delle assicurazioni auto quotate

Good, it’s about time the older generation got a break. For too long have successive governments and businesses over the past thirty years focused on the youth and their prospects; it’s only right and proper that the elderly finally get a focus.

Mine has doubled over the past few years and this year is up about 10% on last year.

No changes to anything, apart from a few more grey hairs.

I’m beginning to think they just pull numbers out of a hat.

Last years price £275, this years quote £657 (we know you may be disappointed, things have changed yadda yadda). So I go do the Meercat thing, best quote £232. Start the cancellation process with the old provider – miraculously the price for renewal is now £245 (lower than the year before).

Insurance companies like to make money. So if over-50s are getting the cheapest insurance, it’s because they make fewer and/or less expensive claims. They’re not doing this as a bit of charitable work for the elderly.

If that wasn’t true, some insurance company would specialise in young drivers, undercut the existing insurers and pay themselves a big bonus.

I was shocked when my insurance renewal came in back in April at £220. I paid the same company £303 a year earlier and got £45 cashback from Topcashback. I did a comparison this year when my renewal arrived and even with cashback my renewal couldn’t be beaten.

The insurance industry has definitely improved for the better in the time I have been driving.

As for the article, of course older people will have cheaper insurance. They have bigger no claims bonuses.

I would argue that a younger person is benefiting more from cheaper insurance as a percentage decrease for them is going to be higher in actual money saved than the same percentage for someone like me.