Because the elderly are often seen as a risk group, also by car insurers, this age group runs into higher premiums or even the chance to be refused with a new car insurance policy. Age discrimination is not punishable.
Over 40 percent of car insurers refuse new customers when they reach a certain age. This is shown by research by the Consumers’ Association.
Various car insurers apply a maximum age when taking out the insurance.
This applies to new customers. If you are already a customer and you stay that way, you can not be unsubscribed due to your age. However, the premium can go up. The difference in age is pretty big. The maximum ages range from 69 to 80 years.
Over-70s at risk group
With this regulation insurers do not violate the law. They may refuse certain groups or impose a higher premium if it can be demonstrated with a test that such a group poses a higher risk for the insurer. According to the insurers, over-70s belong to such a risk group. In order to reduce this risk, insurers apply conditions, such as higher premiums for the elderly, the requirement for a minimum number of claim-free years of people over 70 and even refusal due to age.
The Consumers’ Association and other civil society organizations believe that unfair limits and surcharges should be abolished. To date, the legislation has not yet been amended and insurers can still refuse the elderly or impose a higher premium on them. In addition, finds exclusion on the basis of age unjustified. Almost all insurers use the bonus-malus system, with claims for insurance affecting the premium. By also calculating an age supplement, motorists are punished twice by age.
Are you planning to take out a new car insurance after your 65th? Then carefully read the relevant conditions. Are you staying with your current insurer? Then check whether your premium changes. The contract may never be terminated due to reaching the maximum age.