Big Hike In Insurance Premiums For Over 50’s
Wednesday, 27. January 2016
We all know that putting a sub 25 year old behind the wheel of a car is a little like walking into a lion’s den filled with lions that haven’t eaten for a week with half a pig over your shoulder and a cut on your finger. It isn’t sensible. But it happens, not the lion thing, young drivers behind the wheel, so it isn’t surprising that young drivers don’t take out a loan to pay for their insurance they take out a mortgage – and as an older driver I believe rightly so.
But I was shocked to read that the insurance companies have imposed the biggest increases on the over 50’s in the last year. Their premiums increased by an average of 16.4%, the largest of all age sectors. So if you are about to renew your insurance and you are over 50 make sure you look around for the best deal and take my advice and include legal cover, it doesn’t cost a lot but could save you a fortune if a dispute followed an accident and could even be used to sue your own insurer if you have difficulties getting a payout. By Graham Hill
