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Stiftung Warentest: Older drivers face higher car insurance premiums
An analysis by Stiftung Warentest of 36 car insurance tariffs reveals that older drivers face significantly higher premiums due to age-related surcharges. For a model customer in Berlin, the average cost for liability insurance for a 90-year-old is 657 euros per year, which is 177 percent higher than the 237 euros paid by a 55-year-old.
When combining liability and comprehensive (Vollkasko) coverage, the cost for a 90-year-old averages 1,971 euros annually, representing a 154 percent increase over the 777 euros paid by a 55-year-old. The study notes that while many insurers begin applying surcharges before age 60 or at age 65, many cap these increases once a driver reaches 82.
Experts suggest that regular price comparisons can lead to savings of several hundred euros per year. For those with comprehensive coverage, it is recommended to secure a new contract before canceling an existing one to avoid issues with mandatory coverage requirements.
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What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Many insurers cap age surcharges at age 82. www.europeonline-magazine.eu · www.fehmarn24.de · www.leinetal24.de
- [● 3 SOURCES] A 90-year-old model customer pays an average of 177 percent more for liability insurance than a 55-year-old. www.europeonline-magazine.eu · www.fehmarn24.de · www.leinetal24.de
- [● 3 SOURCES] The average annual cost for combined liability and comprehensive insurance for a 90-year-old is 1,971 euros. www.europeonline-magazine.eu · www.fehmarn24.de · www.leinetal24.de
- [● 4 SOURCES] Stiftung Warentest analyzed 36 car insurance tariffs regarding age surcharges. www.europeonline-magazine.eu · www.fehmarn24.de · www.leinetal24.de · www.test.de
- [● 3 SOURCES] Age surcharges from insurers can begin as early as age 60 or as late as age 65. www.europeonline-magazine.eu · www.fehmarn24.de · www.leinetal24.de