When calculating your premium, age is just one of the many factors that are considered by your insurance provider. For younger drivers this can be a problematic, but for those with potentially decades of experience behind the wheel, this can be rewarded with a reduction in your overall costs. This is not, however, always the case. For those with expensive or powerful cars, premiums can still be quite expensive. Similarly, as you get over the age of 70, prices can be seen to rise again.
Despite older driver car insurance being much cheaper overall, it is still worth shopping around. Even if you feel as though you have a great deal, you might find an even better one somewhere else.
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Statistically speaking, drivers over the age of 50 are much safer drivers than those within the 17 to 25-year-old bracket. This is largely because of the experience that many have accumulated on the road by this point. It also, however, comes down to more simple statistics, such as those that are older tending to not drive at the times when most accidents happen as well as just driving less miles than those that are younger. This is why insurers regard those that are older as less of a risk and will tend to reflect this in their quotes. Find out more about how insurers understand age’s effect on premiums here.
Older drivers shouldn’t find it too difficult to get insured, in general. For those that have been refused cover due to road-related criminal convictions or health conditions declared to the DVLA, things may be less simple. This goes for people of all ages though and just because you have been denied by one company does not mean that the same applies elsewhere.
For drivers over the age of 70, you will need to reapply for your license every three years with a medical declaration. This is generally, however, quite an easy process.
Older Driver Insurance ComparisonFinding the right deal should still be a priority even if you have been offered what appears to be a good deal. Fill out our form above to find a quote that compares a wide range of insurers in a matter of minutes or contact us to find out more.