Car Insurance - Lack of research means that elderly drivers are worst hit by car insurance price rise - 13/08/2008

 
 
 

It has been found that elderly drivers are paying much more for their car insurance, because they fail to research the cheapest deals online. This is a result of people aged 65 and over refusing to use online comparison websites which help to source the cheapest deals .

One car insurance spokesperson stated that: ”the older generation are less likely to use (a price comparison) site.” Therefore,  these drivers have seen the biggest rise in car insurance premiums.

They have seen an average rise of 10% in the last 12 months from almost £335 to almost £370. A major car insurance company found that average premiums rose 5.8% between July 2007 and June 2008, with an average price of £500.

Drivers under the age of 25 though, still pay the highest premiums, an average of over £1,249. The increase for this age group has been 2.7% in the last 12 months.

The figures also showed that men continue to pay more for their car insurance than women, on average on £540.49 in comparison to £470.47.

By researching, a driver can find the most competitive deal, and a lower premium does not mean lower quality.

 
     
 
 

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