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Over 50s home insurance

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1Correct as of March, 2024

Is over 50s home insurance cheaper?

Our research shows that over 50s pay around £40 less for their home insurance than younger homeowners2.

Average cost for over-50s

£206

Average cost for under-50s

£246

2Based on Confused.com data from January - June 2023. The average combined buildings and contents home insurance policy for over 50s was £205.76. Those below the age of 50 paid an average of £246.33 for the same type of policy.

There are several reasons for this:

  • Over 50s are typically more experienced home owners, so are likely to have more knowledge of home maintenance and upkeep.
  • They're usually more experienced at buying home insurance. So, they're likely to be more accurate when estimating how much buildings and contents cover they need.
  • They're more likely to have invested in home security. Such measures may help deter thieves. They can also help the claims process by providing evidence of break ins.
  • Over 50s are more likely to work part-time or be retired, meaning they spend more time at home. This means less opportunity for burglars or vandals to strike.

How can I get cheaper home insurance?

Although home insurance is generally cheaper for homeowners over 50, there are still ways you can save.

  • Pay annually rather than monthly. It almost always works out cheaper to pay annually for your insurance if you can. This is because insurers add interest when you choose monthly payments. You could save 6%3 by choosing to pay annually.
  • Increase your voluntary excess. This is the amount you have to pay towards any claims. Typically, the more you're willing to pay, the lower your insurance could cost. Just make sure you set it at a level you could afford if needed. The most common excess with our customers is £2503. Setting your excess at this level could save you 11%3 on your insurance compared to having no excess.
  • Compare quotes and shop around. Even if your renewal price hasn't increased much from last year, you might still find a better deal by shopping around.
  • Consider a combined home insurance policy. It usually works out cheaper to buy combined buildings and contents insurance rather than buying separate policies from different providers. Choosing a combined policy could save you £1623 compared to buying separate buildings and contents insurance.
  • Build your no-claims bonus (NCB). Every year you go without making a claim on your home insurance, you get a year added to your NCB. Insurers offer a discount for your NCB. The more years you have built up, the bigger your discount could be.
  • Improve your home's security and you could see cheaper prices. Having secure door locks and a burglar alarm can reduce the risk of burglary.     

3Based on Confused.com data January - June 2023

Our expert explains

Matt Harwood, our home and lifestyle expert, explains how to get cheaper home insurance. The information in this video is also available as a text transcript.

Compare home insurance quotes from up to 76 insurance companies1

1Correct as of March, 2024

What are the benefits of over 50s policies?

Over 50s cover often comes with a range of benefits you don't normally see on a standard home insurance policy.

Depending on your policy details, these can include:

  • Higher levels of cover as standard, with extras you might normally pay for included at no extra cost. Single item limits may be higher too.
  • Extended unoccupied home cover for longer than the usual 30 days, making it easier to spend time away from home.
  • Cover for mobility aids like scooters, stair lifts or electric wheelchairs.

You might also have a wider range of insurers to choose from. There are specialist providers who only offer insurance to over 50s, such as Saga and RIAS.

You aren't limited to these specialist policies either - you can buy a standard policy too, and you might still pay less than younger homeowners.

When you get a quote, we'll show you prices from both specialist and standard insurers. So you can be sure you're making the right choice and getting the best price available to you.

What add-ons are available with an over 50s home insurance policy?

Many of the optional add-ons available with over 50s cover are the same as those for standard home insurance policies. Some may already be included in your policy or it may be added for an extra cost

  • High-value items cover protects individual items in your home that are worth over £1,000. These items might not be covered by your standard contents insurance policy as they often exceed the single item limit.
  • Home emergency cover provides cover for any issues within your home that could affect your health or safety. For example, if a broken boiler leaves you without heat or hot water.
  • Accidental damage covers you for unexpected, unintentional damage. It's available for both contents and buildings insurance. Contents accidental damage covers things like carpets, furniture and fixtures. Buildings accidental damage covers the structure of your home itself.

What our home insurance expert says

"Specialist over 50s home insurance policies can be a good option as they often include extras you don't get with standard home insurance. You might want to consider one if you have any mobility aids that need covering, or want to spend longer periods away from home. However, your age and experience as a homeowner normally mean you see lower insurance prices regardless of the provider you go with. We compare prices from up to 76, including specialist insurers, to help you make the right decision."
Matthew Harwood, Home & lifestyle insurance expert at Confused.com
Home & lifestyle insurance expert Confused.com logo

How much cover do I need?

The amount of cover you need depends on your circumstances.

For buildings insurance, it depends on the rebuild cost of your home. This is how much it would cost to rebuild your home from scratch.

For contents insurance, you should calculate the value of everything you own. This includes anything you would take with you if you moved house, including curtains and food in your freezer. Go room by room and make a list of everything in the house and how much each item would cost to replace.

If you move into a retirement home, you may not need a buildings insurance policy. It's often covered by the retirement home, and may be included in your management fee.

They may not provide cover for your belongings though. If this is the case, it's worth considering a separate contents policy.

It's worth checking what's included under the retirement home's insurance policy before you move in.

Do I need home insurance if I own my home outright?

Mortgage lenders usually insist you have buildings insurance as a condition of your mortgage. If you've paid your mortgage off, this doesn't apply to you.

However, it's still a good idea to have buildings and contents insurance. Think about what would happen if there was a major disaster and your home was flooded or there was a break in. Would you be able to pay the repair costs and replace your belongings without insurance?

Even if you're not required to have it, home insurance can provide valuable peace of mind.

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How to claim

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**Single annual policy. New and former Paramount+ subscribers only who sign up at ParamountPlus.com. Subscription required. Auto-renews unless cancelled. 18+. Just Eat website account required, geographical exclusions apply. One regular hot drink per month for a year, only available via the Confused.com app. T&Cs apply

Why choose Confused.com?

  • We're 100% independent. We're not owned by any insurance company, so we'll always show you our best available prices no matter who they're from.
  • UK-based customer support from our team in Cardiff. If you need help, visit our contact page to get in touch.
  • We're rated 'Excellent' on Trustpilot and 96% of our customers would recommend us on Reviews.io.
  • Choose a reward when you buy home insurance with us. You can choose from 4 great rewards.

What details do I need to get an over 50s home insurance quote?

Getting a home insurance quote through us only takes a few minutes. You just need the following information:

  • Your home's build datewhich you can find on your mortgage survey or your home buyer's report. If you can't find it, we'll estimate it for you.
  • Details of any previous claims in the last 5 years, which you should be able to find on your renewal documents. If you can't find them, contact your previous home insurance provider, who should be able to send them to you.
  • Details of any security devices you have, as well as the types of locks your house has. If you aren't sure what type you have, you can use the pictures we include in our quote form to identify them.
  • The rebuild cost of your home, which you should be able to find on the deeds, your mortgage valuation report or a surveyor's report. If you have none of these, we'll help you calculate the rebuild cost of your home when you get a quote.
  • The value of your contentswhich you can estimate using a contents calculator.
  • The type of roof your home has. For example, if it's slate, tile or thatched. We'll also need to know if you have a flat roof covering any part of your property.

We compare up to 76 trusted insurance companies1 to get you our cheapest deal in minutes

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Page last reviewed: 04 July 2023 

Reviewed by: Matthew Harwood

After buying home insurance, 96% of Confused.com customers would recommend us (based on 37944 Reviews.co.uk respondents - as of 24/08/23). Read our reviews