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Over 70s Car Insurance


  • Car insurance for over 50s can often be cheaper as people over 50 tend to be safer drivers. This is due to a combination of road experience and maturity, often combined with a reliable car. This means the over 50s are less likely to make a claim, therefore saving the insurer money.
    On the other hand, the chance of having an accident increases by about 13% for drivers aged over 70, so the elderly are expensive customers for insurers. According to the statistics the average claim for those over the age of 70 is 50% higher than the average claim for those aged 60. So, many insurers reject new applications from drivers over 70. The older you get the harder it can be to find cover.
     

    Over 70s Car Insurance

     
    However, there are number of ways in which the over 70s can cut their car insurance costs, one of the most straightforward being to use MoneySupermarket’s price comparison tool to compare over 70s car insurance quotes and find the best deal.
    Of course the car itself is the most important factor in the determination of the annual insurance bill. Every type of car is assigned to an insurance group numbered between one and twenty., with cars in insurance group one being the cheapest to insure. This is generally based on the cars engine size, value and repair cost. You should therefore choose a car in the lowest insurance group possible in order to benefit from insurance cost savings.
    You can also cut the cost of your car insurance by taking off optional extras, such as car breakdown cover, legal protection etc. For instance, it may be cheaper to include breakdown cover as part of your insurance policy than taking over cover separately.
    In addition to those listed above, there are many more ways for the over 70s to save money on their car insurance, for example, you can add security devices to your vehicle. Limiting the number of miles you cover each year can also reduce your premium price. 

    Over 70s Car Insurance