An elderly UK resident from Edgbaston, Birmingham, has been quoted £12,228 a year by one of UK’s large insurance brokers, Swinton for his vehicle. This comes after his latest quote from his insurance company came in at £1,500 and the 89-year-old citizen decided it was time to shop around for better prices.
He has been driving since 1943 and uses his 1.2 litre Ford Fiesta to visit friends and run errands, and hasn’t claimed from his insurance since 2006, as reported by Mail Online.
His first call was to over-50’s insurer, Rias, but the staff wouldn’t even offer him a quote. ” With Rias, everything was fine until it got to my postcode, when I was told I could not be insured. I’ve lived at this address for 60 years and never had problems before.”
Other quotes he was given ranged from £1,500 to £2,300. He eventually received a quote from Churchill for £837 a year, which is half the price compared to the quote he received from his existing insurance provider.
A spokesman for Swinton said: “The higher insurance quote was influenced by the entry of incorrect personal information, which inflated the premium.”
His experience has highlighted the struggles many older residents have with insurers, where insurers are not always willing to take on elderly residents and do not offer them competitive prices. For many elder individuals, this only makes the process of getting insurance more difficult, as they are usually not dependent on the internet and make telephonic calls to get quotes, which can be very time consuming.