Over 60's car insurance guide
Is it cheaper for over 60’s to get car insurance?
If you are over 60 then your car insurance will generally be cheaper.
Over 60’s are considered the safest drivers on the road which will lower the price of the quote you’ll get.
There are many other factors that will reduce price the main one being your driving history not your age.
Over 60’s drivers are also considered safer by insurers in that they will take less risks on the road and concentrate more on their driving. This can help over 60’s in getting cheaper car insurance.
What factors go towards calculating an over 60’s insurance premium?
Obviously first and foremost your claims history will be what's looked at closely by an insurer.
The less you’ve claimed over the years the cheaper your premium will be now. Many companies will also offer a no claims bonus.
Where you live will affect your insurance premium. If you live in an area with a higher rate of crime and car theft then there will be an increase in your insurance premium.
The type of car you own will have a huge baring on what you are offered by an insurance company. Cars are categorised based upon their value and performance, the higher the value and performance the more it will cost you to insure.
What type of insurance policy do over 60’s need?
There are three main types of policy to choose from as a driver.
These are third party, third party fire and theft and fully comprehensive. It would be advisable to get a fully comprehensive insurance policy as you will be covered for any damage to your vehicle or another vehicle.
Third party insurance is the minimum cover required by law however. Read more about the different types of policies here.
How can I get cheaper car insurance for over 60’s?
Paying your premium annually can lower the cost of your insurance.
You are able to spread the cost over months but you will end up paying more in the long run.
Increasing your voluntary excess will save you money on your policy.
It is important to stress though to make sure that you are able to afford a higher excess on your insurance. You don’t want to come to make a claim then realise the excess is too expensive.
Keeping your vehicle safe will lower the insurance premium. A steering lock for example can be a good tool in helping to keep insurance prices down.
Finally the most important part of getting cheaper insurance is to shop around!
Do not auto renew and make sure that you have compared all the different options available to you.
We at A Spokesman Said are here to help so please use our comparison tools and save yourself some money.
Click here to compare and save on over 60’s car insurance at A Spokesman Said