As we age, insurance premiums, including car insurance, tend to increase. This is because the likelihood of accidents and claims increases as we get older. However, for those over 80 years old, finding affordable car insurance can be a challenge in the UK. In this article, we will discuss car insurance options for those over 80 years of age in the UK.
Why Is Car Insurance for Over 80s More Expensive?
Car insurance for over 80s is more expensive because of the increased risk of accidents and claims. According to the Association of British Insurers (ABI), drivers over 80 years old are more likely to be involved in accidents that result in serious injuries or fatalities. This increased risk of accidents means that insurers charge higher premiums to cover the potential costs of claims.
Types of Car Insurance for Over 80s
There are three main types of car insurance for over 80s in the UK:
- Third-party only
- Third-party, fire and theft
Third-party only insurance covers damage to other people’s vehicles or property, but not your own. Third-party, fire and theft insurance covers the same as third-party only insurance, but also covers you if your car is stolen or damaged by fire. Comprehensive insurance covers everything that third-party, fire and theft insurance covers, as well as any damage to your own vehicle.
How to Get Cheap Car Insurance for Over 80s
There are several ways to get cheap car insurance for over 80s in the UK:
- Compare quotes from multiple insurers
- Choose a car with a smaller engine
- Pay annually instead of monthly
- Consider a black box policy
- Reduce your mileage
- Take an advanced driving course
Compare Quotes from Multiple Insurers
One of the best ways to get cheap car insurance for over 80s in the UK is to compare quotes from multiple insurers. This will allow you to find the best deal for your needs and budget. You can use comparison websites to quickly and easily compare quotes from different insurers.
Choose a Car with a Smaller Engine
The size of your car’s engine can affect the cost of your insurance. Cars with smaller engines are generally cheaper to insure than those with larger engines. Therefore, choosing a car with a smaller engine may help you to get cheaper car insurance for over 80s.
Pay Annually Instead of Monthly
Many insurers charge extra fees for monthly payments. Therefore, if you can afford to pay your car insurance annually, you may be able to save money on your premiums.
Consider a Black Box Policy
Black box policies, also known as telematics policies, involve fitting a small device to your car that monitors your driving habits. Insurers use this information to calculate your premiums based on how you drive. If you are a safe and responsible driver, you may be able to get cheaper car insurance for over 80s with a black box policy.
Reduce Your Mileage
The less you drive, the less likely you are to be involved in an accident. Therefore, reducing your mileage may help you to get cheaper car insurance for over 80s in the UK. You can do this by using public transport more often, carpooling, or simply driving less frequently.
Take an Advanced Driving Course
Taking an advanced driving course can improve your driving skills and make you a safer driver. This may help you to get cheaper car insurance for over 80s in the UK. Some insurers even offer discounts to drivers who have completed an advanced driving course.
Car insurance for over 80s in the UK can be more expensive due to the increased risk of accidents and claims. However, there are several ways to get cheap car insurance for over 80s, including comparing quotes from multiple insurers, choosing a car with a smaller engine, paying annually instead of monthly, considering a black box policy, reducing your mileage, and taking an advanced driving course. By following these tips, you can find affordable car insurance that meets your needs and budget.