Car insurance for senior citizens: why more expensive?

It is common knowledge that car insurance for young people under 24 is more difficult to obtain than for someone who is older. The premium is also usually much higher. Young people under 24 are seen as a bigger risk. Figures show that these inexperienced drivers cause more damage. The same applies to older drivers. Do seniorspay more for car insurance because of this?

Car insurance for senior citizens

The three standard forms of car insurance are:

• WA
• WA Limited Casco
• All-risk

When buying a car, you should immediately take out at least a third-party insurance. Damages caused to others are covered by this insurance. For cars of 10 years or older, often only the obligatory third-party insurance is chosen. With this insurance, damage to your own car is not covered.

A good alternative with a broader coverage is the WA limited casco insurance. This coverage does not only compensate for damage to others. Damage caused by a collision with stray animals, hail and storm, lightning, fire and explosion, window breakage, theft and attempted theft also fall under WA limited hull cover. Owners of cars between 6 and 10 years old often choose this coverage.

Owners of new cars up to approximately 6 years old often choose the most comprehensive cover, namely all-risk insurance. With this cover, damage to your own car caused by collisions is also reimbursed by your own insurer. In addition, vandalism damage is also insured with the all-risk cover.