Eighty-one-year-old Dan Beckley has dedicated most of his life to automobiles. Cars and motorbikes remain his passion, and he still experiences excitement when driving his BMW 535. Throughout his career, Dan operated a driving school and a business specializing in professional chauffeur services. Additionally, he has been a member of the Institute of Advanced Motorists (now known as IAM RoadSmart) for more than 50 years, occasionally serving as an examiner. However, his extensive experience as a professional driver has had little effect on the cost of his motor insurance. Dan, who resides in Hordle, Hampshire, recently discovered that his insurer plans to increase his renewal premium by 75 percent, amounting to £817 compared to his previous payment of £466. Dan is not alone in experiencing skyrocketing insurance prices. Motorists across the board are facing exorbitant premium increases as insurers attempt to recover profits. In this profit recovery mode, policyholders are bearing the brunt of the burden, regardless of their no-claims records, low mileage, or exemplary driving. Two factors specifically infuriate Dan. Firstly, he insures his car through Cornmarket Insurance Services, the preferred insurer of IAM RoadSmart. Cornmarket’s marketing messages emphasize recognizing individuals’ commitment to road safety and reward IAM RoadSmart members with lower insurance premiums and enhanced policy benefits. Although the service quality is impeccable, Dan considers the 75 percent premium increase excessive and not a reward. Secondly, like many others, Dan believes that the increase stems from his age—octogenarians tend to be seen as high-risk drivers by most car insurers. Although Hordle does have its fair share of elderly drivers, Dan does not consider himself to be one of the reckless ones. He argues that insurers should acknowledge the fact that elderly drivers are not a homogenous group. While remaining loyal to Cornmarket for now, Dan plans to shop around if his premiums continue increasing at a similar rate next year. Dan’s story would be incomplete without recognizing the late Tom Stockill, the talented photographer who took the accompanying picture. Dan spent an afternoon with Tom, discussing various topics. Tragically, Tom passed away suddenly after the encounter. When notified of the news, Dan could hardly believe it. He expressed admiration for Tom’s professionalism, explaining how special Tom had made him feel. Tom was passionate about his work, whether photographing celebrities or contributing to Wealth & Personal Finance pages.
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