Over 50 Car Insurance

There can be many positive aspects of growing older which include reduced insurance premiums, for example, cheaper car insurance for older drivers. Reduce your premiums by taking out cover with an insurance provider that offers special deals to the over 50s.

Over 50 Car Insurance
	Insurer	Online Discount	Pay Monthly	Additional Benefits	More Info
		Online Only		100% Online car insurance Instant competitive quotes Flexible cover with optional legal cover, NCD protection, replacement car and breakdown recovery View, amend, renew your policy or make and track a claim online, 24/7 UK based customer services if required
		up to 15%		Best Motor Insurance Provider - Your Money Direct Awards 2008 No price increase at first renewal New for old on cars under 12 months old Up to 25% off Green Flag breakdown cover Guaranteed hire car and legal protection available as optional extras.
		12 mths for price of 10		No claims discount protected for any claims as a result of vandalism or involving uninsured drivers. Guaranteed hire car and legal protection available as optional extras.
		10%		Insure a second car and you can duplicate your No claim bonus Get a free courtesy car after an accident whilst yours is being repaired by one of Morethan's recommended repairers 50% off Morethan breakdown cover

Over 50s Car Insurance

And, as a result of their many years of driving they are likely to have built up a ‘No Claims’ bonus.  If you are aged over 50 you will have noticed that once you reached 50, you were offered discounts and special offers by insurance providers as they see you as less of a risk as compared to a younger driver.

However, many older drivers feel that they have to ‘subsidise’ younger drivers, careless drivers and those with driving convictions, which can be a major irritant.  Many insurance providers do recognise that older drivers are likely to be more careful on the roads which are reflected in their policies.

Drivers over 50 tend to make fewer claims than younger drivers, and in general, are less impulsive and prone to risk taking than drivers under 50.  As a result of this they are more attractive to insurance providers who will offer a lower premium or a special deal. Car insurance for older or ‘mature’ drivers is offered by mainstream providers though there are now several providers which specialise in this particular age group such as Age Concern Motor Insurance and SAGA Car Insurance.  

These can include a protected ‘No Claim Discount’ which is subject to the policyholder earning four years No Claims Discount.  Also included (though not exclusive) are no upper age limit, 24 hour accident helpline, courtesy car (comprehensive cover only) and free European cover for up to 90 days in a year. 

Some insurance providers will offer a ‘Limited Mileage’ policy which is aimed at those drivers who only drive a few thousand miles each year.  Others will offer specialist deals for any older drivers who own a classic car or a 4x4.  Another option is that of increasing your voluntary excess (the amount you pay towards the cost of a claim) which can lower your premium.

Many insurance providers will also offer extra discounts for those drivers who keep their car in a garage.  This is particularly useful for older drivers as they will probably own their own home (with a garage) are likely to keep their car garaged rather than outside.

As with any form of insurance it is worth shopping around in order to get the best deal for you.  Many insurance providers will offer ‘extras’ such as the option to pay by direct debit at no extra cost or a ‘Get You Home’ service.  However, if you do not need these extras such as European cover then ensure that your premium does not include the cost of these.  For example, make sure that your policy does not include ‘business use’ (driving to work) if you are retired or do not drive to work. 

Other ways of reducing the cost of your insurance include ensuring that your car is kept in a garage, fitting an immobiliser or security alarm, changing your car for one with a low insurance rating and limit the number of people driving your car (this includes your grandchildren!).

You could also consider taking the ‘Pass Plus’ course.  This is aimed at new drivers but if you ‘go back to school’ and take this course, it can mean up to 30 per cent discount on your car insurance – if you complete the training.