My Insurance Rates Just Went Up. The Company Says Its Because I Am Over A Certain Age. Isn’t That Discrimination
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Sep 15, 2020
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Insurance companies file their rates with the state through the Department of Insurance. This includes the rates they will charge for young, inexperienced drivers and drivers of other ages. The rates are based on the experience for that particular company with the drivers in various age groups. Because the rates are based on actuarial statistics and real experience it is not considered discrimination. Many companies find that older drivers have more frequent accidents than other age groups, and they set their rates accordingly. There are many companies who specialize in writing older drivers and they have some very competitive rates. The fact that your insurance company has raised your rates due to age does not imply that you can’t find insurance at a better rate elsewhere. However, before shopping around, make sure you will not be giving up any special deals, such as guaranteed renewal (often provided when you have a good driving record and have been with a company for several years) I would then suggest you shop around with other companies in your area, but make sure the savings is worth the change. The new company may not be willing to keep you as a customer if you suddenly have tickets, an accident or two or both.