Car Insurance & Age Discrimination

My insurance company increased car insurance rates for people over the age of 75. Isn’t this age discrimination?

Answer

The majority of car insurers charge higher premiums for drivers over 75. Car insurance premiums are based on statistical data and calculated using complex mathematical algorithms. Insurers compute the claims risk that people of different ages represent, and those over age 75 represent a higher statistical risk than most other ages. To offset this risk, the insurer charges drivers over age 75 higher premiums. The company is not discriminating; they are just trying to minimize their liability with a high-risk age group. If you feel that your company’s premiums are excessively high, you can always apply for quotes from up to five insurers on our site. Insurers all calculate risk differently, so you might find lower premiums with another company.