Age discrimination auto insurance: why do older and younger people pay more?

Younger and older people often struggle to get affordable car insurance. Young people pay a much higher premium, seniors from a certain age are even refused by certain car insurers. But are insurers prepared for the fact that the Dutch are getting older and staying more vital?

Some insurers' actions are hard to stomach. Suppose you have turned seventy and you have never caused a car damage. You get a letter from the car insurance company saying that the premium is going up because of your age. Out of irritation, you are probably going to cancel the car insurance and switch to another insurer. Switching is possible, but not all insurers will accept you.

Influence age on car insurance

Insurers apply a higher premium or maximum age limit to new car insurance for risk reasons. According to figures from the Center for Insurance Statistics, insurers cannot simply say that seniors are a greater risk. In fact, it appears that older drivers between the ages of 66 and 75 do not claim more claims on auto insurance than drivers between the ages of 28 and 65. If the setting of stricter conditions for seniors cannot be substantiated, one can say that there is age discrimination. Older people are less interesting to insurers, but that is no reason to charge higher premiums.