Where do I get cheap over 50’s car insurance?

Luckily, if you are over 50 you have a better chance of getting cheaper car insurance based on your age, risk status and driving experience. You might think that SAGA and other specialists in over 50’s insurance are the way to go but you will be wrong. Better to get multiple quotes with Quotezone, Compare the Market and Go Compare to get the best deals. Click on ‘Get quotes’ to get started.

Comparison websites are the best starting point for getting the cheapest car insurance for over 50’s. There are lots out there and they are easy to navigate online so make sure you get as many quotes as possible to find the cheapest online. 

Once you have finished comparing click on the quote that you choose and finish completing the transaction on the insurance brokers websites. Or if you would prefer to do it by phone, request a callback or phone the insurers directly giving your reference number.

Why is car insurance cheaper for over 50’s?

Older or more experienced drivers are less likely to take risks on the road. On average you are more likely to have an accident if you are young than old.

The reward is cheaper insurance which is around half the price of a 21 year old premium. Other factors will affect the quote including, what car you choose to drive and your sex. Women tend to get cheaper insurance irrespective of age because they have less accidents than men and are more careful.

How can an older driver make car insurance cheaper?

Where you park your car and where you live will make a difference to premium costs. Drivers who garage their car rather than have it parked on the street can benefit from cheaper insurance. But this is not always practical and neither is choosing where you live, so another option is downsizing. 

It won’t come as any surprise that cars with smaller engines are generally cheaper to insure. You might even find that modern smaller cars have better security than the car you own which will get that premium looking easier to manage.

We ran a quote for a 2012 VW UP! 1.0l Take UP and the best premium price from 1st Central using Quotezone was £254.94 per year or £20.69 per month for a man living in Warwickshire with 10 years no claims, social only (May 2024).

Another option is telematics or black box insurance, but this is normally offered to high risk young drivers to temper their bad driving habits and might not make much difference to more experienced older drivers. 

Why are premium costs going up for over 50’s drivers?

You might have been surprised to find out that your renewal notice for your car insurance has gone up compared with last year. These upward trends seem to be happening because of inflation making the price of raw materials (paint, steel) and increased staffing costs more expensive. 

Rents are also more expensive, energy is more expensive and since Brexit, recruiting skilled staff has become more difficult. Added to that more cars are now being driven on UK roads since COVID and as a result there have been more accidents and more incidents created by extreme weather conditions (storms and flooding).

So it is not just people over 50 who are experiencing increased premiums. The average cost of Comprehensive insurance was £561 at the end of 2023 which was a third more than in 2022. There are stories of drivers having huge hike in insurance premium costs, which have in some cases resulted in them giving up driving completely.

The best way for you to avoid higher premiums is to shop around, try Quotezone and see what they come up with. Just click ‘Get quotes’ to get started.

Disclaimer: This information is intended for editorial purposes only and not intended as a recommendation or financial advice.

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