Cheap Car Insurance for Over 60s in the UK: How to Get the Best Deals

When you reach your 60s, it’s common to experience a variety of changes in your driving habits.

Maybe you’ve cut back on driving, or perhaps you’re no longer commuting to work every day. While the cost of car insurance can rise as you get older, there are still plenty of ways to save money on your premiums in your 60s.

In this blog post, we’ll explore how car insurance works for drivers over 60, why it can still be affordable, and what strategies and insider tips you can use to keep your premiums low. Whether you drive occasionally, commute, or use your car for leisure, we’ve got you covered with advice that’s tailored specifically for drivers in this age group.

Why is Car Insurance Expensive for Some Over-60s Drivers?

It’s true that car insurance premiums tend to increase as you age, but why is this the case? Well, after the age of 60, insurance companies may start to see you as a higher risk. Here’s why:

1. Health and Reflexes: As we age, our reflexes and reaction times may slow down, which can increase the likelihood of accidents.
2. Risk of Medical Conditions: Drivers over 60 may be more prone to certain medical conditions, such as diminished vision or joint issues, which can affect their ability to drive safely.
3. Cost of Repairs: Older drivers are often in more expensive cars that may have higher repair or replacement costs, leading to higher premiums.

However, it’s important to note that not all over-60s drivers face these issues. Many in this age group continue to drive safely, without incidents, and with fewer claims.

Why Car Insurance for Over-60s Can Still Be Cheap

While some over-60s drivers face higher premiums, many actually benefit from lower rates, especially if they’ve maintained a clean driving record. Here are some reasons why:

1. Experience and Safe Driving: Drivers over 60 often have decades of driving experience. This means they’re less likely to engage in risky behavior like speeding or aggressive driving, which insurers love.
2. Low Mileage: Many over-60s drivers drive fewer miles each year, which reduces their likelihood of getting into an accident. As a result, some insurers offer discounts for low-mileage drivers.
3. Retirement or Flexible Work Hours: If you’re retired or only drive occasionally, you’ll be at home during off-peak traffic hours, which reduces your risk of accidents.

Given these advantages, insurers often offer lower premiums to older drivers with safe driving habits. But how can you make sure you’re getting the best deal?

How to Get Cheap Car Insurance in Your 60s

Here are some practical tips that can help you save on car insurance premiums in your 60s.

1. Shop Around for Quotes

The most effective way to find cheap car insurance is to compare quotes from different providers. Even if you’ve been with the same insurer for years, it’s always a good idea to check if you can get a better deal elsewhere.

• Tip: Use comparison websites like GoCompare, Confused.com, or MoneySuperMarket. You can quickly compare rates from multiple insurers, and sometimes, exclusive online deals are available through these platforms.

2. Consider a Higher Excess

If you’re willing to pay a higher excess (the amount you pay towards the cost of a claim), you can lower your premium. This can be a great option if you’re confident in your driving and don’t anticipate needing to claim.

• Tip: Set your excess at an amount that feels comfortable. If you increase your excess, your premiums could drop significantly.

3. Reduce Your Annual Mileage

If you no longer drive as much as you did in your working years, you may qualify for a low-mileage discount. Many insurers offer cheaper premiums for drivers who travel fewer miles annually.

• Tip: If you’re not commuting regularly, consider looking for low-mileage policies. Insurers may offer a pay-per-mile or pay-as-you-go insurance for occasional drivers, which can save you a lot of money.

4. Choose a Safer Car

The type of car you drive plays a significant role in determining your insurance premium. Small, economical cars with a low insurance group (such as Ford Fiesta, Toyota Yaris, or Honda Jazz) are usually cheaper to insure.

• Tip: Consider trading in a high-powered or luxury car for something safer and more economical. Cars with a high safety rating and low repair costs are cheaper to insure.

5. Look for Age-Specific Insurance Providers

Some insurers offer special policies specifically designed for older drivers, such as Saga, Age UK, and Direct Line. These providers often take into account the fact that older drivers are less likely to make a claim, and they may offer better rates or tailored coverage.

• Tip: Check whether there are any exclusive discounts or offers for over-60s drivers. These policies can sometimes be much cheaper than standard options.

6. Maintain a Clean Driving Record

One of the easiest ways to keep your premiums low is to maintain a clean driving record. Insurers reward drivers who have a history of safe driving with lower rates.

• Tip: If you’ve had no claims or few claims, make sure to inform your insurer. Some insurers offer a No Claims Bonus (NCB), which can significantly reduce your premium. Even if you don’t drive much, your NCB can help lower the price of your policy.

7. Consider Telematics (Black Box) Insurance

Telematics insurance, often known as black box insurance, can be a great option for older drivers who are confident in their ability to drive safely. A small device is installed in your car to track things like speed, braking, and cornering. If your driving is deemed safe, you can enjoy cheaper premiums.

• Tip: If you’re a careful driver, telemetrics may be a great option. You could save money based on your driving style rather than your age.

8. Pay Annually Instead of Monthly

While it might seem easier to pay your premium monthly, insurers often charge interest or fees for spreading your payments. By paying your premium upfront, you can avoid these extra charges and save money in the long run.

• Tip: If possible, pay annually for your policy. This can save you an extra 5-10% on your premium.

Best Insurers for Over-60s Car Insurance

Some car insurers offer competitive rates and tailored policies specifically for drivers over 60. Here are some insurers that are known for their good deals for older drivers:

1. Saga – Specializes in over-50s and over-60s drivers, offering great deals and dedicated customer service for older customers.
2. Age UK – Offers affordable insurance specifically for the over-50s and over-60s, with competitive premiums and reliable cover.
3. Direct Line – Known for offering competitive rates for mature drivers, especially those with a clean driving record.
4. LV= – Offers insurance with tailored options for older drivers, including great customer service and discounts for safe driving.
5. Admiral – Offers cheaper insurance for over-60s, especially for those with low-mileage driving habits.

Conclusion: How to Keep Your Car Insurance Cheap in Your 60s

Car insurance doesn’t have to break the bank once you hit 60. In fact, with the right steps, you can save big on your premiums. Whether you’re looking to retire your daily commute, reduce your annual mileage, or shop around for quotes, the possibilities are endless for securing affordable car insurance in your 60s.

Remember:

• Shop around and compare quotes from multiple insurers.
• Consider higher excess to reduce your premium.
• Look for age-specific policies that offer discounts for older drivers.
• Maintain a clean driving record to benefit from lower premiums.
• Choose a smaller, safer car with lower emissions.

By following these strategies, you can ensure that your car insurance remains affordable and that you get the best possible deal for your specific needs as an over-60s driver.

Happy driving!