Many of us wrongly assume that older people are charged less for car insurance than younger people, but this simply isn’t the case.
Although those aged between 25 and 60 are generally charged the lowest premiums, once you are 60 and over the likelihood of you making a claim begins to increase once more and by the time you’re eighty years old, you’re considered as big a risk as a teenage driver.
However, when you do reach 60 your years of careful and responsible driving can really pay off because in many cases the extra money you’ll be charged simply for being older will be offset by your no claims bonus, which is why it’s so important to avoid making claims, whatever age you are.
If you’re aged 60 or over and you’re looking for car insurance then make sure you follow these tips to get the best deal.
Once you’re aged over 25 insurance premiums become cheaper, which means you can afford to get the fast, powerful car you’ve always wanted. When you get to sixty insurers believe that your driving skills will gradually decrease and your reaction times will slow. This is the time to get a sensible car once again as you could find yourself paying a great deal on insurance if the car you choose is very powerful and expensive.
Make sure you do all that you can to keep your car safe and secure. If you don’t have a good alarm system or an immobiliser then fit one and keep your car locked in a garage. The more you can do to guard against thieves the less you will spend on insurance.
When you drive
Now your aged 70 or over you may be retired, which means you probably won’t need to drive as much. Lowering the mileage you do is a great way to reduce your insurance premiums so work out the average amount of miles you drive and see if it makes a difference to your premium.
Some insurers also often a pay as you go service where a black box is fitted to your vehicle that monitors your driving. If you keep your mileage down and avoid busy areas and high risk times of day such as the rush hour, you can make significant savings on your insurance.
If you’ve been buying insurance for several decades then you’ll already know it’s not an exciting task and it can be tempting to simply renew your existing insurance policy each year just to get it over and done with.
However, now you’re a little older you probably have more free time, so use it to shop around carefully for other offers to see if you could be paying less, or be getting better perks from another company.
Try using price comparison websites to get an idea of the different companies and different offers out there, but be sure to input all your information correctly or your results won’t be accurate.