Elderly drivers warned of rapid increase in cost of car insurance

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Motorists over the age of 50 are set to see steep increases in the price of car insurance, according to the latest Premium Drivers research from Comparethemarket. The average premium for a driver aged between 50 and 64 is £320 in November 2022 – a £45 or 16 percent increase for the same month in 2021. 

The average premium for drivers aged between 65 to 80 has also risen by 16 percent (£39) year-on-year to £274. 

For drivers aged over 80, premiums have increased by a steeper…

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