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Car Insurance

Older driver's car insurance guide

If you're looking for over 50 car insurance, here are a few pointers to help you get the best deal.

Why does age come into it?

Car insurance for over 50s is considerably cheaper than policies for people in the 17 to 25-year-old bracket. Why? Because the statistics show that older drivers are much less likely to be involved in an accident. They do fewer miles, often opt for slightly less powerful cars and have built up a good no claims discount. This means insurers see them as less of a risk and tend to charge less.

What about car insurance for over 70s?

You'll still pay less than a driver under 30. But you might find your premiums start to rise again after you turn 70.

What can I do to reduce the cost?

1. Pay upfront
If you can pay for your insurance in one go, you'll avoid the interest insurers usually add to monthly instalments.

2. Increase your voluntary excess
Your insurance costs will drop if you up your voluntary excess. But make sure you set it at a realistic amount, otherwise you run the risk of not being able to afford to make a claim. On the other hand, increasing your excess by £100 won't save you the same amount on your price. So you need to ask yourself if it's worth it.

3. Invest in some security
Adding things like a steering wheel lock, immobilisers or a top-notch alarm system will convince insurers that your car is at less of a risk of theft. At night, park it off the street – or better still, in a garage – and you'll see your costs drop even lower.

Work out your mileage
Most people overestimate how many miles they drive, but this can push your costs up. That's because insurers will assume the more time you spend on the road, the more likely you are to be in an accident.

Take an advanced driving course
Some insurers offer lower cost car insurance if you've completed an advanced driving course. The most respected is the driving certificate from the Institute of Advanced Motorists. Ideally, you'll have driven at least 10,000 miles before you sign up. It's worth checking with your insurance provider that they'll lower your price before you apply, too.

Will I need to retake my test when I turn 70?

No, but you'll need to reapply for your licence every three years. You won't need to do a medical examination, but you'll need to fill in a medical declaration.