Over-65s get “raw deal” on travel and car insurance
Many insurers are hitting the over-65s with significantly higher premiums for car and travel cover, according to new research from Which? Money.
The consumer watchdog found a “huge range” in premiums for travel insurance, with steep increases when passing from one age group to another.
According to the study, a 74-year-old currently paying £383 for an annual worldwide policy with Rias can expect a premium of £707 once aged 75.
Single-trip policies are no better, with a 69-year-old paying £57 for a 15-day European single-trip policy with Bupa Premier seeing the premium increase to £86, when aged 70.
Turning to car insurance, there were again large price differences between age ranges, even with insurers that cater for older drivers: a Saga policy with a premium of £702 for a 75-year-old female driver increases to £1,224 at 85 years old.
Which? Money also noted considerable differences between online and telephone quotes with the same companies.
The watchdog’s chief executive, Peter Vicary-Smith, says: “Our research shows that many over-65s are getting a raw deal when it comes to arranging insurance simply because of their age.”
He adds: “It’s vital to shop around to get the best rate due to the considerable differences between quotes over the phone and online, and always ensure you get sufficient cover for your needs.”
Category: Car Insurance News, Insurance News, Travel Insurance News
Visited 1617 times, 1 so far today
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.