europinions finance

browse: go

Free Mortgage Quote

Free Mortgage Quote



Printable version Printable version

BIBA rejects Saga's claim

Thursday, October 6, 2005

BIBA rejects Saga's claim
The British Insurance Brokers' Association (BIBA) has rejected claims that older drivers should not have to pay the same insurance costs as their younger counterparts.

Insurance and travel company Saga had earlier this week backed the government crackdown on uninsured drivers, claiming the extra insurance premiums imposed on honest 50-plus drivers were "particularly unfair" and suggesting the money should come from younger drivers.

But BIBA has rejected Saga's declaration: "While we entirely agree that is unfair for honest motorists to be penalised with higher car insurance premiums, we do not believe that any single group in society can be singled out to take a higher share of this burden than others," said Graeme Trudgill, technical services manager.

The government had announced that the honest driver spends around £30 a year on the costs associated with uninsured drivers.

Saga has said that only four per cent of the drivers convicted for uninsured driving are over fifty, whilst BIBA claims that general insurance statistics show that older drivers are much more likely to make severe and more regular claims.

BIBA mentioned what it sees as the "real problem" for elderly drivers – finding cheap insurance after the age of 65.
track


Tell a friend about this article Tell a friend about this article Printable version Printable version

View all Insurance news



europinions finance is a UK based personal finance news provider offering breaking news on the issues that are most important to you. We also offer high quality links to the best suppliers of financial products currently available on the internet. We've taken the time to find the best sites so you don't have to.

Shopping in Europe: Denmark | United Kingdom