Car insurance blow for older motorists

Published on Sunday 10 August 2008 22:29

CAR insurance bills are soaring by more than the rate of inflation, with older drivers bearing the brunt of the increases, new figures have shown.

Average premiums rose by 5.8 per cent between July 2007 and June this year, with the average price hitting 514.36, according to a survey by a motor insurance company.

Those over 65 faced the biggest rise – an average of 10 per cent.

Although drivers under the age of 25 are now paying the highest premiums – an average of just over 1,249 – they pay only 2.47 per cent more, compared with 2007. This was the lowest rise for any of the age groups.

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