You're 50, so now you can buy a car insurance policy designed specifically for your age.
Specialist policies cover your age and experience, but fundamentally, car insurance for the over 50s is no different to car insurance for other age groups.
We have specialist over 50s insurance providers on our panel alongside other insurers, so you can compare a range of insurers to find a policy that best suits you.
The most important thing, whether you pick a general policy or, one exclusively for the over 50s, is that you get the right level of cover for you and your car. We’re here to help with that, and to help you save money on your cover.
Car insurance policies marketed at the over 50s are typically feature-rich, as extras like breakdown cover are more popular in this age bracketGareth Dyer, senior product manager at insurance company iGO4
Specialist providers may be able to offer these policies at competitive prices, but the same benefits are commonly available in the open market. So, it always pays to shop around, taking the level of protection as well as the price into account
Because you're over 50s you're perceived as a low-risk driver, and less likely to make a claim. Usually, you'll get cheaper car insurance – and our research backs this up.
In fact, the average price of comprehensive car insurance is less than half the price at 50 than it is at 21.
There are two main reasons for this:
1) It’s likely you have a wealth of driving experience
2) You have years of claim-free driving built up
Combine that dynamic duo of factors with a spot of shopping around, and you may reduce the cost of your car insurance.
Remember that a car insurance premium is calculated based on your car, its insurance group, your driving history, and a host of other factors, not just your age and number of years on the road.
If you have a high-performance car and some points on your licence, the price of your insurance will rise, this applies to both general policies, and specialist over 50s policies.
Specialist older drivers’ policies will sport features that normal car insurance doesn’t have - like no upper age limit - but it'll come at a higher price.
Your insurance premiums decrease as you get older. We checked the average cost of fully comprehensive car insurance and found that drivers over 70 pay 35% less than drivers over 50.
Unlike travel insurance for the over 50s, your age and health shouldn't affect your car insurance. So long as the DVLA is happy you’re healthy enough to drive, then your health won’t affect your car insurance.
There are some medical conditions you must tell the DVLA about - epilepsy or poor eyesight are just two examples.
If it impacts your driving ability, the DVLA need to know.
Once informed, the DVLA will then be able to determine whether you're fit to drive.
It’s important that you disclose any issues or disabilities you suffer from that are on the DVLA website. It could come back to haunt you if you don’t, and you could end up with a fine of up to £1,000.
Not only this, but your insurance company may refuse to pay out on a claim if you’ve withheld this information.
As you’ve been signed off by the DVLA, telling your insurer about your medical situation should not cause the price of car insurance to rise.
Claiming on your car insurance is stressful enough, without the added cost of your excess – and we want to help with that. That’s why we’re offering you £250 free excess cover when you buy car insurance through us.
If you do need to claim, you'll have to pay your excess first, then we'll refund up to £250 after your claim's settled.
It really is free. We haven't hidden the cost anywhere.
†Up to £250 refunded after claim settled. Car insurance purchases only. Excludes breakdown, windscreen and glass repair/replacement. Full T&Cs apply.
Based on independent research by Consumer Intelligence during 1 October to 31 October 2020: 51% of consumers aged over 50 could achieve a saving of up to £136.72 with GoCompare car insurance based on a comparison of 31 companies.
Average cost of comprehensive car insurance for over 50s was £423.17, and the average price paid by over 70s was £271.19, bought through GoCompare in December 2020.