CAR INSURANCE FOR OVER 60s

Is car insurance for over 60s cheaper?

Drivers in their 60s are often considered to be the safest drivers on UK roads. As a group this means that over 60s car insurance can work out cheaper than for other ages.

But the actual cost of your cover will depend on a number of factors that are specific to you, your car and your driving history.

You can help to keep costs down by choosing the car you drive from a lower insurance group, increasing your voluntary excess and making sure your car has appropriate security in place.

The best value car insurance for over 60s is not always the cheapest on the market, you need to consider the full package of benefits and additional options that are most relevant to your needs.

Find out more about over 60s car insurance

How is over 60s car insurance calculated?

Over 60s car insurance quotes are based on the information you provide to the insurer. We’ll want to know more about you so that we can understand the risks better.

We’ll ask about:

• Claims history – the more claims you make, the more it affects future premiums.
• No Claim Discount – if you haven’t claimed on your car insurance, your premium could be discounted.
• What car you drive – the cost of insurance depends on which insurance group your car falls into based on its value and performance.
• Where you live – we check to see if your postcode area is a higher risk for car insurance claims.
• Where you keep your car – if your car is kept in a garage or on a private driveway when you aren’t driving it, your premium could be lower.

We use this information to work out the level of risk you present to us, and then calculate over 60s car insurance quotes based on this combination of market information and your personal circumstances.

Is car insurance cheaper when you retire?

When your personal circumstances change, such as when you retire, this can affect the way we calculate your insurance premium.

If you had a long commute when you were working but will be staying closer to home when you retire, having a lower mileage or no longer needing business car insurance could mean lower costs when you renew.

You should always make sure that your details are as up to date as possible when you are looking to change or renew your policy, as well as keeping your current insurance provider updated about any changes you are making.