An article in yesterday's sun incorrectly stated that drivers over the age of 50 pay a surcharge on insurance rates charges by GEICO General Insurnace Co.
GEICO adjusts its rates using a range of factors including age and annual driving mileage. Although policyholders now face higher rates when they turn 65 and again at 75, typical policyholders receive rate reductions when they turn 50.
A table accompanying the story was also incorrect. The figures it presented should have been stated in hundreds of dollars rather than in dollars and represneted the total cost of a policy and not the amount of a surcharge.
The Sun regrets the error.