Is it Fair to Offer Car Insurance For Over 50s at Cheaper Rates?

Car insurance for over 50s has the tendency to beJust because a person is considered mature does not
cheaper for individuals to purchase. The insurancemean good driving skills are being practiced. When
industry looks at people that are over the age of 50looking at some of the statistic regarding accidents,
as being mature drivers. One of the reasons for themost are caused not by teenage drivers but by the
lower premiums is based on the possibility of fewermature population and the elderly.
accidents in this age bracket.One thing to take into consideration is when the male
Most teenagers will get numerous tickets during thereaches what is classified as the mid-life crisis stage.
first year after obtaining their license. Parent's mustThis is when the new fast sports car is purchased and
make the determination to place the youthful driver onthe risky driving tactics are being put in motion. Is it fair
their existing policy or get a separate policy of theirfor this type of individual to pay a lower premium?
own. Either way, the premiums are high even thoughIf car insurance over 50's rates are adjusted according
they have a good driving record.to the driving habits of people instead of the age of a
Mature drivers might possess excellent driving recordsperson, most would pay much more. There are
but for those that do not, the rate are still much lowerseveral companies that offer policies just for the
than those that are younger. It is a lot of things thatmature individual and this is a good thing for those that
determine the rates for automobile insurance such asdeserve it.
the number of years driving, type of vehicle and placeIn some cases the older woman also gets a break. To
of residence.do away with the age factor and make the rates
For the individuals that do not get their license until theuniversal but based on the accident rate would be fair
age of fifty, the question arises as to whether or not ato everyone. For those that think road rage does not
discount should be given. Should these individuals getaffect the middle age drivers are sadly mistaken. This
the same type of discount as ones that have beendangerous action does not discriminate. It could happen
driving for over 5 years which is the normal industryat any age.
standard?