LV= insurance company, formerly known as Liverpool Victoria, have announced they are scrapping the upper age limit of 86 years of age on their car insurance policies from the end of March, meaning drivers aged 86-years and over are now able to take out a motor insurance policy with the UK based provider.
The insurance company was one of the first to remove the upper limit on their travel insurance policies. Following on from the positive response LV= have had as a result of scrapping the age limit of their travel insurance policies, the provider has now decided to introduce the same policy of removing age limits on their motor insurance.
Prior to the most recent announcement from LV=, drivers aged 86 years and over were unable to take out a motor insurance policy with the company, regardless of whether the policyholder was an existing customer of LV=.
Speaking about the decision to remove the upper age limit on their motor insurance policies, LV= managing director, John O’Roarke, revealed that LV= decided to do away with the upper age limit on their car insurance policies as the population are living longer and so it naturally follows that people are driving for longer and so there is a need for insurance cover for older drivers.
The move has been welcomed by older people’s charities who say that the ability to drive and have access to a car enables the elderly to retain their independence.
LV= will join other the ranks of a select few well known insurance providers including Saga, RIAS, the AA and Virgin Money who offer car insurance for older drivers.