Older drivers car insurance
Older drivers may face rising car insurance premiums so compare multiple brands to assess options
- Driving experience can cut premium costs, but over a certain age costs start to rise
- Drivers over 65 may have a smaller choice of insurers and policies
- Telematics policies could benefit you – we give an option to compare these
- While car insurers value safety and experience, when you pass a certain age you’re likely to be faced with a smaller choice of policies and rising premiums
- Using a comparison site to review as many options as possible is one way to counter this, and you can also look at insurers who specialise in older drivers
- Telematics policies are worth thinking about – the price you pay will be directly linked to your driving behaviour
- If you have medical conditions that have to be declared to the DVLA, make sure you disclose them accurately when buying insurance
Drivers come in all shapes, sizes, and skill levels, but when it comes to car insurance your premium could be more affected by your age than these other factors.
Younger drivers – under the age of 25 – will pay more to get behind the wheel, but older drivers can also find themselves shelling out more than they expected, and some may even struggle to find a willing insurer.
It benefits to know the law as it applies to drivers over 70, but also to shop around and examine the merits of insurance offers targeted at those with a few more miles on their body clock.
It might also pay to alert a relative who may not be a regular web user to some of the deals on offer and to help them use price comparison sites such as GoCompare.
Elderly drivers: The facts
There are plenty of myths about older drivers – that they are less safe, less alert, more weary or slower than the rest of the driving population – but of far more relevance are the hard facts.
According to the Institute of Advanced Motorists † (IAM), as of January 2014 there were more than seven million drivers over the age of 65 on the UK’s roads, comprising 19% of all licence-holders.
The IAM claimed that the number of drivers over 70 had passed four million, whilst the over 80s numbered over one million. And if you really value wisdom and experience, then there were 195 drivers out there who were over 100 years old.
“The baby-boomers are now going into the older population and retirement age group,” said Peter Rodger of the IAM. “A higher proportion of that group drive than was previously the case.
“Compulsory retirement has now gone, so it’s likely we are going to see more older drivers using their cars to go to and from work in their later years than is currently the case.
“So older drivers are driving to and from work as well as for work. This is a new dynamic and we don’t yet know what effect that is going to have. This is new territory.”
Licence renewal, medical conditions and disabilities
The law requires † every driver over the age of 70 to apply for a licence renewal – and to continue to do so every three years.
At each renewal, the driver must disclose any new or altered medical conditions. This may prompt the DVLA to request further information and, in some instances, revoke the licence.
Remember that failing to give accurate information could lead to a £1,000 fine and may affect your insurance cover in the event of an accident.
In Gocompare.com’s quote process you’ll be asked whether you have any DVLA-reportable medical conditions or disabilities. If you do, your choice of policies is likely to be more restricted – many insurers will not quote online because they may require further information before deciding whether to offer a quote.
Risks from older drivers
In terms of setting the price for cover, then there has been plenty of widespread and polarised debate on the risks, or otherwise, posed by older drivers.
The Association of British Insurers † states that it’s not just the likelihood of policyholders making a claim that’s assessed, but also the costs of those claims. It also argues: “In general, risk declines rapidly from 17 to 21 and continues to decline through to the late 50s or early 60s before starting to increase again.”
So, once drivers pass the age of 65 they may find themselves paying higher premiums, although the related data can be interpreted differently.
Peter Rodger of IAM insists: “Statistically, the over 70s are the safest group on the road in terms of their involvement in accidents where there are injuries.
“But once you go past 70 then insurance premiums start to rise. At 75, some people start to find it becomes difficult to get insurance.”
Specialist insurers for elderly drivers
Insurance companies are exempt from legislation banning age discrimination, but an agreement between the government and the insurance industry in 2012 requires insurers to ‘signpost’ customers on to another company if they turn down a driver on the basis of age.
The charity Age UK † has argued that this signposting system is not working. Their August 2012 survey showed that 21% of people aged over 80 were not given quotes for car insurance because of their age – but that when denied, 85% of those customers were not referred elsewhere.
Age UK – through its commercial arm, Age UK Enterprises – offers specialised car insurance provided by Ageas Insurance, although in 2016 there was widespread criticisms of the product and the prices charged. † The Ageas policies are aimed at over 50s and they have no upper age limit.
Saga also offers targeted cover at the over 50s and its standard policy allows for any driver to take over the driving, or drive the car back home, in the event of a medical emergency.
Amongst other providers in the market offering insurance for the older driver are RIAS, which also offers specialist policies for those at the starting age of 50.
Cheap car insurance for older drivers
There are certain considerations that could reduce the cost of premiums, for instance, if you only do a low mileage.
You could go further down that road and consider telematics, or black box insurance, which would provide more accurate information about your driving patterns. Read more in our article on telematics for older and experienced drivers.
If you use our car insurance comparison service, you’ll see telematics options listed alongside traditional insurance products, allowing you to easily compare and contrast; the telematics options will be clearly highlighted so that you know the sort of policy you’re looking at.
“The retired older drivers tend to self-regulate themselves,” said Peter Rodger. “They drive more carefully, they drive less often at night or during rush hours, and their journeys tend to be local. They are not being bullied by the clock in the same way working people are.”
Also, adding another named driver to the policy can sometimes reduce your rate – read more in our article on additional driver insurance.
Gordon Morris, managing director of Age UK Enterprises, said: “Driving brings both freedom and independence to all ages, but it’s particularly important to those in later life so it’s crucial we help people go on driving as long as possible.
“Given that those in later life use their cars so regularly it has never been more important for them to be able to access car insurance products that are specifically designed to best meet their individual needs and requirements.”
By Graham Thomas
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How to Get Cheap Car Insurance for Drivers over 80
As a driver over the age of 80, your several years on the road are likely to work in your favour when it comes to working out the cost of your car insurance, especially if you’ve made no (or few) claims.
However, insurance can still be a frustrating expense, particularly if your income is limited to a state pension.
With this quick guide we’ll show you the best ways to cut costs and get cheap car insurance for those over the age of 80.
Is car insurance cheaper for women over 80?
Until relatively recently, car insurance was cheaper for female drivers due to statistics that showed them to be less at risk of accident than male drivers.
However, legislation introduced by the European Court of Justice as part of a new gender equality directive has now outlawed the practise of basing insurance premiums on the gender of the policy holder.
This means that car insurance costs for female drivers have increased across the board to match up with those that male drivers can expect to pay.
Levels of Cover
There are three basic categories of cover available for drivers over 80:
Those intent on spending as little as possible will find third party only cover best, though if you can afford to spend that little bit more and get more cover you will find that you actually get a lot more for you money.
Named Driver Insurance
One great way to cut costs on your insurance if you’re over 80 share a car is to become a named driver on the policy. Whoever is the main driver of the vehicle must be down as such on the policy, and not the named driver, but if done correctly and legitimately, named driver insurance can save you lots of money.
Bear in mind that if you are down on the policy as the named driver, but are actually the primary user of the car in question, then you are guilty of what is known as ‘fronting’, which is tantamount to insurance fraud and will invalidate any claims you may make.
Pick the Right Car
Your choice of vehicle will have a strong bearing on the price you pay for your insurance. According to guideline set out by the official Group Rating Panel, every car built to UK specifications is placed in one of 50 categories according to things like engine power and size.
The lower the number group, the cheaper the insurance you’ll be offered as a driver over 80, broadly speaking.
Watch How You Drive
Insurers like to reward those who drive in the least risky way with reduced premiums. There are two broad aspects to this.
First, reduce your mileage. Spending less time on the road means spending less time at risk of accident and thus the insurance company has less of a chance of having to pay out in the event of a claim. This will be reflected in the price of the policy you’re offered.
Second, and with more drastic savings attached, is the possibility of a no claims discount. If you’re over 80, then the likelihood is that you’ve been driving for a long time, giving you plenty of time to build up a no claims discount. If you drive for five years without making a claim you can get discounts of up to 75% on your premiums.
Compare Car Insurance for Over 80s Online
The best way to save money is to shop around online and compare car insurance for drivers over 80 by using a free and impartial insurance comparison service like ours.
Just let us know what kind of policy you’re after and we’ll pull up a list of the cheapest car insurance quotes on the market for drivers over the age of 80.
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Even if you have been driving a car since you were 17, you may still have trouble finding cheap car insurance once you reach your 80th birthday. Some insurers may have an upper age limit on insurance, meaning you could be denied simply because you have reached this age.
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Being able to drive can be a necessity for many people, and this can apply just as much to the over 80s as to anyone else. Searching for over 80s car insurance you can afford can therefore be essential for some people. If this includes you, why not give our comparison system a try? Regardless of whether the insurance you need is just for you, or whether you require a named driver to be added to it as well, you can compare prices and quotes here with ease.
Not all insurance companies can provide quotations for car insurance once you reach this age. The good news is that we could help provide you with competitive prices from insurance providers who could provide policies like these. Get started by filling in our simple form.
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Car insurance for the over 80s
Comprehensive car insurance packed with:
- Uninsured driver promise** so you won’t lose your no claims discount if you’re hit by an uninsured driver.
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Our car insurance comes with:
- Windscreen cover – so if your windscreen is broken, the cost of repairing or replacing it or any window glass in the car is covered. Limits apply.
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Getting legal advice can be costly, so our legal expenses cover gives you up to £100,000 to cover you for any disputes.
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Make sure you’re not out of pocket if you have an accident. With our excess protection cover, your excess can be reimbursed.
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If your home, car, office or security safe keys are lost, stolen or break in the lock, our key protection gives you up to £1,500 of cover, including VAT.
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Our personal accident cover gives you up to £30,000 if you suffer a bodily injury.
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† † Based on claims settled between Jan 17 and Dec 17 inclusive
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RIAS is a trading name of Ageas Retail Limited. Registered office: Ageas House, Hampshire Corporate Park, Templars Way, Eastleigh, Hampshire, SO53 3YA. Registered in England and Wales 1324965. Ageas Retail Limited is authorised and regulated by the Financial Conduct Authority. FCA registered number: 312468. Insurance provided by Ageas Retail Limited is not available in the Channel Islands. Ageas Insurance Limited (a sister company of Ageas Retail Limited) underwrite the insurance and provide our claims service.