Over 50’s Car Insurance – Worth Considering or Not?
- September 12, 2017
- by Chris
In short, yes, it is worth looking at one of the specialist insurers that cater to the over 50’s car insurance market however, make sure you shop around to get suitable and cost-effective motor insurance policy.
There are quite a few companies that specialise in providing over 50’s car insurance such as, SAGA, The Post office RIAS and many others.
Will Over 50’s Cover Be Cheaper?
The short answer is usually, yes! This is because compared to younger drivers, you are statically less likely to make a claim on your insurance – so you are less of a risk. This is generally because when you turn 50, many insurance companies will now deem you to be a more experience and responsible diver who is likely to make less and indeed smaller claims on their policies. In addition, you may have also accrued many years of no claims bonus which can only help lower your premiums even further.
So, if you are fifty or over you may be surprised at how much you can save with an over 50’s policy.
It’s also worth remembering that one you get into your late 60’s your insurance premiums are likely to rise again, as the statistics show, you are more likely to have an accident.
Is an Over 50’s Policy Guaranteed to Be Cheaper?
No, it may not be. It all depends on what you are comparing in terms of the features and benefits and policy terms. You may find that sourcing your insurance from a standard insurer is more cost effective. Therefore, it is important to shop around.
All That Sounds Confusing!
The key to getting the best deal when purchasing or renewing your car insurance is to never just accept the first quote you receive, even if it is from a trusted specialist provider in the 50+ space.
Always do your homework, shop around and get as many quotes as you can to satisfy yourself that you really have got the best deal, not only in terms of cost but also in the level of cover provided – as well as any additional features that may be important to you, for example, legal expenses cover.
Is There a Way to Compare Car Insurance Quickly & Easily?
Yes, shopping around for and comparing car insurance deals need not be a chore. There are several online websites where you can get a large number of quotes from different providers, by just filling in one short form.
Here at Utility Saving Expert, we provide access to a car insurance comparison service which compares in excess of 100 insurers quickly and easier. Some of these providers are specialist over 50 providers whilst others offer more mainstream insurance policies. If you have more than two cars in your household, it may be worth considering getting a home fleet cover quote here.
By using our service, you can ensure that you have sufficiently compared the market and found a policy that suits your needs. We also offer other specific over 50’s products such as whole of life insurance.
Finally, it is worth remembering that when you purchase your car insurance through Utility Saving Expert, we donate 10% of the profit we are paid by the insurers and donate that to charities that fight fuel poverty head on. Our chosen charities are National Energy Action and Energy Action Scotland.