Thursday 1st November 2007
Be Wiser Insurance

The insurance industry may be suffering from ageism, a national charity has claimed.

According to Age Concern, 92 per cent have an upper age limit on policies, making it hard for those above a certain age to receive the deal they want for a comparable price.

Similarly, the organisation has stated that 33 per cent of the people they surveyed believe they have a legitimate claim to being mistreated due to their age.

It may be that such activity extends to the car insurance industry, as older drivers may find that taking out a deal is difficult due to misconceptions about their ability based on how old they are.

"Insurers need to listen and respond to the consumers who have the power to hit them hardest by taking their business elsewhere," said a spokeswoman for the charity.

Young people may also find it tough to take out cheap car insurance, as cover companies consider them to be a high road risk.

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