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Elderly drivers issued major car insurance warning as costs soar by 27%

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Elderly drivers have been issued a stark warning about car insurance costs which have rocketed, potentially costing them an extra £600 to stay on the road.

The price of car insurance has surged by 18 per cent year-on-year, with the average policy now costing drivers a staggering £850, reports Birmingham Live.This represents an increase of £132 for the typical driver since last May, with those aged 80 and over experiencing the most significant proportional rise in premiums at 27 per cent.

Those aged between 65 and 79 have also seen a similarly steep 26 per cent increase.Anna McEntee, Director at Compare the Market, cautioned: "The substantial cost of car insurance is understandably causing concern for many motorists.

Our research indicates that motor premiums have risen by more than £100 year-on-year. "Drivers aged under 24 and over 80 are seeing the steepest increases.

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