One in five over 65-year-olds cannot get a quote for motor or travel insurance, according to a report this morning.
Research published by Age Concern and Help the Aged revealed that the over-65s face huge problems buying motor and travel insurance.
The position gets worse further at 75, where a quarter of applicants are turned down.
The ABI has launched a new initiative aimed at combating the problem. It is co-ordinating a task force to work towards making insurance more widely available and better value for money.
Malcolm Tarling, spokesman for the ABI, said: "We acknowledge that some elderly customers may experience difficulties buying insurance because most companies operate upper-age limits for new customers. But cover is available if you know where to go."
