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NewsWhy the Over-50s Should Demand Cheaper Insurance
Why the Over-50s Should Demand Cheaper Insurance

Why the Over-50s Should Demand Cheaper Insurance

Tags: Consumer Action Cost of Living Insurance Sticking Up for FiftyUps
Last updated by Joel Gibson on
Screen Shot 2014-09-30 at 11.50.57 AM
It’s the graph some car insurers don’t want you to see.
The diagram above clearly shows who are the safest drivers on the road – FiftyUps.
Drivers in their 50s, 60s and 70s have fewer accidents, according to a report from the Older Driver Safety Advisory Committee‘s Report to the Queensland Department of Transport, in December 2011.
So why are they being asked to drive less in some states such as Victoria, and why aren’t they all paying less for their car insurance?
As FiftyUp Club CEO and former NRMA Insurance boss David Issa puts it:
“We’re the safest drivers, we follow the road rules, we’re careful with our cars, and we tend to drive less … But unfortunately our loyalty doesn’t get rewarded by most car insurance companies.”
Quite the opposite: most insurance companies use the premiums of over-50s to cross-subsidise more reckless, younger drivers.
That’s why FiftyUp Club members and other drivers over 50 should demand more from their car insurer.
Remember: You need to be prepared to move or you could be taken advantage of. You don’t generally need to wait for your car insurance renewal to arrive before you switch, so if you’re getting a raw deal, vote with your feet – or your wheels.
Make sure you get a reward for being statistically one of the safest drivers on the road.
Originally posted on .

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Why the Over-50s Should Demand Cheaper Insurance

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John
John from NSW commented:

We are sick of paying for some else's mistakes. 

Leonce
Leonce from QLD commented:

How about travel insurance as well. Most insurance companies want it all their way with Seniors. 

Christopher
Christopher from QLD commented:

As Peter from NSW said,my quote from Coles was twice the price of NRMA and they kept me on the line for about 25 mins,until I told them where to go. 

Robert
Robert from NSW commented:

And David Issa was the insurance boss for the NRMA? why did he not do anything when he was there? There should be a royal commission as far as I am concerned into the Insurance, Power industry and the banking sector. This makes a mockery of the whole process - why now when he could have done something about it when he was the "BOSS"? I am very angry that nobody questions from the 50upclub. 

Beverley
Beverley from NSW commented:

My husband and I are both over 60 both of our vehicles are not driven very often therefore reductions should be applicable on renewal of Insurance. Would like to know who offers such rates as my current insurer were the cheapest at last renewal date. 

Kin
Kin from NSW commented:

Just let us know the ones that do. A plan lacking details do not move anywhere. 

Danny
Danny from QLD commented:

Shame Coles doesnt see it that way, my quote was significantly more expensive than my current insurer. 

FiftyUp Club
FiftyUp Club from QLD replied to Danny:

Hi Danny, Did you go through the entire process over the phone or online? In order to get the $100 price beat guarantee, you need to keep going through the different stages. You can contact us directly at contact@fiftyupclub.com.au if you'd like us to follow-up. Thanks, 

Peter
Peter from NSW commented:

maybe it time fifty up approached insurers and asked for a better deal for us I am sure on a bulk deal insurers would love the business just like utility suppliers do 

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