Millions of elderly motorists taken for a ride on their motor insurance

[citizenB]

A careful driver who only nips to the shops: why was Stan asked to pay £12k to insure his Fiesta? Millions of elderly motorists taken for a ride

 

 

Stan Green was sick of being clobbered with the high cost of car cover.

 

At 89, he drives his five-year-old 1.2-litre Ford Fiesta only to see friends and run errands, and hasn’t made a claim since 2006.

 

So when his latest quote for insurance came in at £1,500 — more than treble the £400 he paid just nine years ago — he decided it was time to ditch the big-name insurer he’d been loyal to and shop around.

 

But that’s when he discovered drivers can be penalised simply because of their age.

 

 

Read more: http://www.thisismoney.co.uk/money/cars/article-3097878/A-careful-driver-nips-shops-s-one-millions-elderly-taken-ride-insurers-Stan-asked-pay-12-000-insure-Ford-Fiesta.html#ixzz3bnyNAPKl

 

[Conniff]

And we have all called the payday lenders rip-off merchants, there is no doubt, and never has been, that insurance companies really are at the top when it comes to rip off

[theberengersniper]

It seems like the elderly are treated the same way most new teenage drivers are. I always imagined these quotes, like jumping from £400 to £1500, was really their veiled way of saying "we don't really want your business anymore" rather than a true attempt to fleece them.

[ploddertom]

Some Ins Co's still live in the dark ages thinking the elderly would not look around. In todays modern times though the Silver Surfer is quite savvy.

[citizenB]

That was my thinking as well.