Motorists over the age of 60 tend to endowed with years of experience behind the wheel and, often, a large and intact no claims discount.
While these things will always count in your favour as a driver over 60, it can still feel like an uphill struggle trying to find a good deal on your car insurance. Let us be the paddle to help get you up the creek by explaining the costs of insuring a car as a motorist over the age of 60, and also showing you how to keep your costs as low as possible.
In This Guide:
- How are the costs of my car insurance worked out?
- Am I guaranteed lower cost car insurance as a driver over 60?
- How can I keep my car insurance costs down?
- No claims discounts for drivers over 60
How are the costs of my car insurance worked out?
Car insurance providers work out the cost of their policies based on the risk of the policy holder making a claim. So if a certain group is at more of a risk of having an accident on the road, then members of that group will have to pay higher premiums.
This is why younger driver face the highest average costs - they are statistically more likely to be involved in an accident than older drivers are. The other side of this coin works in favour of drivers over 60 who benefit from some of the best, and fastest falling, car insurance rates on the market.
Am I guaranteed lower cost car insurance as a driver over 60?
Rock bottom premiums are by no means a guarantee simply because of your age, but if you take the necessary steps, you can ensure that you'll get the best prices available for the level of cover you require.
By following our advice and comparing quotes online you can make sure that you benefit from the best insurance policies at the most competitive prices.
How can I keep my car insurance costs down?
There are several things you can do as a driver over 60 to cut the costs of your car insurance without having to cut corners when it comes to cover.
Firstly, the nature of the car you choose to insure will have a rather significant bearing on the cost of your policy. If you drive a low powered car with a smaller engine and good fuel economy, you'll find that the policies offered to you will be much cheaper than if you were to try to insure a high powered, high performance sports car or 4X4.
Learn more about how insurers categories vehicles by reading our article on car insurance groups.
Whichever car you choose to driver, you'll be able to lower the cost of your premiums by keeping it secure. This means, ideally, parking it in an off road garage or even a drive way and using anti-theft devices like immobilisers or steering wheel locks.
No claims discounts for drivers over 60
One of the best ways to sever the cost of your premiums on your car insurance policy is to build up a no claims discount. By going for as long as possible without making a claim, even if this means paying for certain minor repairs (like scratches) yourself, you can reduce the cost of your premiums by up to 75%.
As a driver over 60, the likelihood is that you've been driving for a long time, and will have had the opportunity to build up a good no claims discount. If you're looking to renew your policy with a different provider, make sure that the new insurance company allows you to take your no claims discount with you when you switch.