Get in the driver's seat and compare quotes for over 80s car insurance
If you're a driver over 80, you could save money by comparing car insurance. Read on and make sure you've got the right cover for you.
- As well as standard car insurance, be sure to compare telematics and pay-as-you-go car insurance to find the right policy for your driving lifestyle
- If an insurer can’t quote for your car insurance, they're required to direct you to another provider that can
- Be cautious of older drivers policies, as they may judge you based on the driving of those in their 50s, 60s and 70s. Your car insurance should be specific to your driving habits, not those of other drivers
By the time you reach your 80s, there's a good chance you'll have been on the road for around 60 years.
With a lifetime of driving experience and an opportunity to have built up a decent number of years of no claims, you might expect to be rewarded when buying car insurance.
However, you could find the very opposite to be the case. Drivers over the age of 80 can be seen as a great risk to other road users, and are often charged exorbitant premiums as a result.
As you age beyond 70, the average frequency of claims begins to increase, and it’s not unusual for premiums to become more expensive as a result. In some cases, you may even find it difficult to find insurance at all.
Nevertheless, just because it’s difficult doesn’t mean it’s impossible. Where there’s a will, there’s a way – and there are still plenty of willing insurers out there happy to cover ageing drivers.
Helping you find car insurance in your 80s
According to the DVLA, there were 1,396,991 full driving licence holders in the UK in June 2018. While that statistic doesn’t necessarily mean that all of those licence holders are actively driving, it’s fair to say that there are still a fair few octogenarians on British roads.
Despite these numbers, finding car insurance over 80 can be surprisingly tricky. Cheap car insurance for over 80s can be very hard to come by. In fact, even the cheapest car insurance for 80 year olds may not be that cheap at all.
According to data compiled by the Association of British Insurers (ABI) in 2016, the average claim cost is highest for older drivers, reaching over £5,500 for those over 91.† With such a pricey average payout figure, it’s no wonder insurers are hesitant to cover elderly drivers.
Did you know...?
After you turn 70 years old, you’ll need to renew your driving licence every three years
Luckily, a joint agreement was reached in 2012 between the ABI and British Insurance Brokers’ Association (BIBA) that means any insurer or broker that doesn’t provide cover for older drivers is required to refer customers to somebody that does.† This includes car insurance for over 80 year olds.
When you do find an insurer who's willing to offer car insurance for the over 80s, don’t be put off shopping around. It’s in the best interest of the insurance companies to provide competitive quotes for octogenarians, both financially and from a reputation standpoint – so don’t feel like your options are restricted to that one insurance provider.
Where can I find car insurance for over 80s?
If you already have insurance, it can be tempting to stay with your current insurer – whether it’s out of loyalty, or a lack of confidence that you can get a better deal because of your age.
However, don’t let your age fool you – you could potentially miss out on some big savings elsewhere. Shopping around can be the key to finding the cheapest car insurance for over 80s drivers. If you don’t try, you’ll never know.
You can follow our top tips for cutting the cost of car insurance, but comparing quotes and policies is a solid place to start.
Are all over 80 car insurance policies the same?
It’s a good idea to exercise caution when reviewing policies designed for elderly drivers.
"There can be a huge disparity in the requirements and driving habits of motorists in their 50s and 80s, yet the two age groups can often find themselves grouped together under a policy for the ‘over 50s’," says GoCompare’s car insurance expert, Matt Oliver.
"Be sure to look for a policy specifically aimed at your age group. Car insurance for over 80 year olds could differ dramatically from car insurance aimed at 50 year olds, so be as specific as possible. An inaccurately labelled policy could be invalid and leave you uncovered if you need to claim."
Which over 80s car insurance is right for me?
A comprehensive car insurance policy will offer you perks and benefits that should make your life really easy on the road when things go wrong.
However, certain optional add-ons may be of questionable benefit, and some may even be unnecessary – all the while making your insurance more expensive.
A great way to get cheaper car insurance for over 80s drivers is to simply eliminate surplus cover. For example, if you’re not going to travel overseas in your car, you won’t need cover for European driving.
What's more, there are options to consider other than comprehensive car insurance if you feel it’s too thorough. Comparing third party only, and third party, theft and fire should give you a broader picture of the right policy for you and your finances.
However, it’s also important not to go too far the other way. It's possible to thrift to your detriment, so be careful not to leave yourself unprotected. Opting for a third party policy will leave you without cover for accidental damage to your own vehicle, for example. And the additional medical cover offered by many comprehensive policies could prove invaluable if you're injured.
Does health affect car insurance for people over 80?
When the DVLA asks to be notified of your health, it’s not just being nosy – it’s done with your safety and others' in mind.
If you have a significant medical conditions that influences your ability to drive – whether you’re on strong medication or your sight has significantly deteriorated – the DVLA needs to know.
It’s also important to make these known to your insurer as well. Failure to do so can invalidate your insurance. Worse still, the DVLA could hand down a fine on top of that, adding insult to injury.
Where can I find the cheapest car insurance for the over 80s?
If you’ve tried every trick in the book to cut the cost of your car insurance, don’t throw in the towel just yet. There’s a variety of alternative car insurance on the market and it’s certainly worth investigating.
Telematics car insurance
While they're commonly associated with younger drivers, black box policies may also be suitable for many drivers over 80.
Your premium is calculated based on how you drive, not on how others in your demographic drive, making it a safe bet for safe drivers.
It records data on your speed, braking and acceleration, along with how far you travel, where you go and the time of day that you travel.
If you’ve recently bought a new car, it may already have the black box technology installed, so keep an eye open for 'eCall' in your new car brochure.
Pay-as-you-go car insurance
If you’re an infrequent driver looking for car insurance for 80+ drivers, pay-as-you-go (PAYG) car insurance could be for you.
PAYG car insurance charges per mile, or per hour, in addition to a monthly subscription charge. If you’re only driving to do a big shop once a fortnight, this may be a better alternative than standard car insurance.
Read our guide to pay as you go car insurance and find out if it’s a better option for over 80s drivers.