Do insurance rates increase after age 75?

I thought insurance rates decreased as you aged? My grandma is 75 and her insurance has increased significantly. Is this normal?

Answer provided by
Emily Maracle
Answered on Jul 16, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“While car insurance rates do decrease as you age, they start to increase between 70 and 75. This is because car insurance carriers see drivers older than 70 as higher risk.
As you age, you can start to have difficulty with everyday activities. This includes sight and coordination, which can impact your driving ability. Due to this, insurance companies rate drivers over a certain age as higher risk.
Although she is older, it is possible to find affordable car insurance. She should look into a few different carriers to see who may offer the best rate with the coverage she requires.”

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