Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • February 2016
02

One in four older motorists risk driving illegally by not renewing licence regularly 

Open-access content Wednesday 3rd February 2016 — updated 5.50pm, Wednesday 29th April 2020

More than a quarter (28%) of elderly drivers could face a “hefty fine” for failing to renew their licence every three years upon reaching the age of 70, a survey has found.

2


Based on a poll of 506 adults aged 65 and over, the vast majority (84%) are licence holders. Of those, 99% rate themselves as an average, good or excellent driver.

Direct Line Car Insurance, which commissioned the research, said despite this, 7% doubted their ability to read a number plate from 20 metres away. In addition, one in 10 has had an accident in the past five years.

Director of motor insurance, Gus Park said: "It's crucial that older motorists are aware of their obligations to renew their licence as they risk driving illegally if it expires."

The study also found that while 52% agreed that 70 was the right age for a standard licence to expire, a fifth (20%) felt it should be determined on a case-by-case basis. Some 17% felt 70 was too early. A further 3% said they should renew their application before that age whereas 6% felt it should not expire at all.

Park said that a motorist's licence would automatically expire at the age of 70 regardless of their health or ability to drive, adding: 

"If an older motorist wants to continue to drive they must make a renewal application in advance, and continue to do so every three years from the age of 70 to ensure their insurance remains valid," he said.

"Even those who fail to do this accidentally can face a very hefty fine, which is a high price to pay when the renewal process for over 70s is free."

This article appeared in our February 2016 issue of The Actuary.
Click here to view this issue
Filed in
02
Topics
General Insurance

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Catastrophe Modelling Analyst - London Market Broker

London, England
£40000 - £50000 per annum
Reference
145925

Senior Catastrophe Analyst

England, London
£65000 - £75000 per annum
Reference
145924

Life Actuary - Financial Reporting - Day Rate contract

Negotiable
Reference
145923
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ