Over 50s car insurance

There are many factors that insurers use when it comes to calculating the price you pay for insurance, and age is just one of them. The good thing about being a more experienced driver is that your years of careful driving could benefit you with a cheap car insurance quote. Whether you fall in the bracket of the over 50s, over 60s, over 70s or older, car insurance providers could reward you if you have a good driving history. 

If you’re over 50 then you could benefit from getting a quote with a provider such as Saga or Rias who specialise in cover for older drivers. Many providers with policies aimed at the over 50s include benefits that more mainstream providers charge as optional extras, which could save you some money.

Put that alongside any no-claims bonus you have and you may be able to reap the rewards of cheaper car insurance.

If you feel you might need more information on getting a cheaper insurance quote, take a look at our guide to saving money on car insurance. 

The average cost of an annual comprehensive insurance policy for those aged 50+ is now £542. That’s according to our most recent quarterly price index which looks at car insurance prices up and down the country.

That may sound a lot, but compared to the national average of £765, that’s a saving of £223! Depending on your own circumstances and driving history, your own insurance could be even cheaper.

To get a better idea of how insurance prices in your region have changed over the last 12 months, take a look at our price index calculator.

Having the following information at hand will make it easier for you to get an accurate quote:

• Driving licence and history - your driving licence type, number, how long you’ve held it for plus details of any medical conditions that the DVLA considers will affect your ability to drive or restrict your licence.
• Details of your car - the number plate or make and model of your car. You’ll also need to list any modifications such as alloy wheels or spoilers but you don’t need to let us know about any tow bars fitted to the car.
• No-claims bonus - if you've built up any no-claims bonus, you could be entitled to a discount on the price of your insurance. Typically, the maximum number of years insurers take into consideration is five, but some insurers do offer discount on up to eight years.
• Additional drivers - if you'd like to add an additional driver, have their details ready too.
• Previous claims and convictions - you’ll need the details of any claims or convictions from the last 5 years.

Once you’ve answered all the questions, we’ll send your details to our list of 116 and show you quotes from the ones that can offer you insurance. If you want to make any changes at this point, you’ll have an option to edit your quote. Being completely transparent with your provider and the DVLA is important. For example, by law, you must declare to the DVLA certain medical conditions or disabilities that may affect your driving.

The easiest way to save money is to shop around. Comparing quotes with us gives you options. There are also a few things to consider which could help save you money:

• Avoid auto renewal – even if you’re a loyal customer, the price of your insurance might go up each year. To make sure you’re getting the best deal, compare quotes before your policy is due to renew. You could save up to £152*. Based on what we know, about 3 weeks before your insurance is due is when you’ll usually see the best prices. If that’s not enough reason to compare, we also guarantee to beat your renewal price** – and if we don’t, we’ll pay the difference plus £20.
• Pay up front – most insurance companies charge interest on monthly payments, so if you have the cash to pay up front you could save up to 16% on your quote (based on Confused.com data - January 2020). Increase your voluntary excess – if you’re willing to pay more excess then it could result in lower prices. Just remember to set an amount affordable cost as you’ll need to pay the excess if you make a claim.
• Choose the right cover – although comprehensive car insurance offers the highest level of cover, it often works out the cheapest option too.

**Single annual policy only. T&Cs apply. Must be a like-for-like policy

If you'll be turning 70 in the next 90 days, or if you're 70 or over, by law you must renew your driving licence - and then again every three years.

There’s no need to take a test, but your licence must be kept up to date with any medical conditions that may affect your ability to drive safely. These include but are not limited to:

• epilepsy
• diabetes
• Parkinson’s disease
• heart conditions
• some eye conditions

It's free to renew your licence. You can find everything you need to know about renewing your licence at 70 here on the GOV.UK website, or by picking up a form from your local post office.