Compare cheap car insurance quotes for over 70s
It’s a fact that more experienced motorists pay less on average for their car insurance than younger drivers. If you’re over 70 therefore, you’ll probably pay much less than younger, less experienced motorists. The cost of cover does also depend on other factors though, including your personal circumstances and driving history.
The average annual car insurance premium for the general public currently stands at £7111, but the over 70s can expect to pay much less, with an average of £336.1 This is almost 10 times less than 17- to 24-year-olds, who pay £3,1161 on average. Once you’re over 80 though, your premiums will start to increase again.
1Drivers holding a full UK licence, with fully comprehensive cover, where the main driver is the only driver. MoneySuperMarket data collected between January and September 2020
Age |
Average premium |
|---|---|
17 to 19 |
£1,978.40 |
20 to 24 |
£1,328.39 |
25 to 29 |
£896.35 |
30 to 39 |
£700.00 |
40 to 49 |
£510.54 |
50 to 64 |
£339.06 |
65 or Above |
£313.22 |
There are three main types of car insurance you can consider:
The best level of cover, fully comprehensive insurance protects you, your car and other motorists from any damage you cause. It also covers medical expenses, repairs, fire damage and theft of your vehicle
£336 on average2
Third-party, fire and theft policies cover repair costs for other people, their cars and their property, as well as your own vehicle if it’s stolen or damaged by fire
£393 on average2
The minimum legal requirement, third-party insurance will only cover any damage you cause to other cars and property. It’s the least comprehensive type of cover and also the most expensive of the three
£488 on average2
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When you’re over 70, there are a few extra things you should think about when buying car insurance:
There are a few ways the over 70s can reduce the price of their car insurance:
Cutting down on how much you drive could save you money. Because you’re not on the road as much, you’re less likely to have an accident
Insurers can monitor your driving habits with telematics hardware, so sensible drivers earn lower premiums
Smaller, less powerful cars are cheaper, safer to drive and less attractive to thieves and vandals
As car insurers generally see advanced drivers as less likely to have accidents, passing an advanced driving course can help cut car insurance costs
If you've enjoyed years of claim-free driving, you might choose to pay a higher voluntary excess to reduce the overall cost of your insurance
The longer you’ve gone without claiming, the more your insurers will knock off your premiums as they’ll see you as less likely to make further claims in the future
We compare dozens of the biggest insurance providers in the country, including:
"Car insurance can be expensive for drivers once they are over the age of 70. Even though older drivers are often careful and experienced road users, insurers tend to view the over 70s as high risk and push premiums up. One of the best ways to keep costs down is to reduce your mileage and increase your excess. Shopping around at renewal through MoneySuperMarket also means you can find the best cover for your needs at the lowest price."
- Praksha Patel-Shah, senior channel manager of car insurance
No, you can buy specialist car insurance exclusively for over 70s, but it’s not essential. You may find that a specialist insurance provider offers benefits and options that a standard provider doesn’t though.
A car insurance quote is determined by how risky you are to insure. Some medical conditions, like epilepsy or a visual impairment, could make you more of a risk to insure and your premium could increase.
If you have retired, you’ll be pleased to hear that there’s no difference between car insurance for people in work and those who have retired.
Telematics cover involves your insurer monitoring your driving habits and adjusting your premiums according to how you
drive. They are most often used to help new and younger drivers save money on their car insurance, but telematics insurance cover could help drivers over 70 save too.
Telematics insurance can be particularly useful for over 70s who don’t use their car very much, as many policies are priced based on mileage. It can also benefit those over 70 who tend not to drive at night, or during rush hour, as that’s when most accidents occur.
If you estimate your low mileage correctly, you could save on your car insurance premium.
As long as you're deemed medically fit to drive, there are car insurance providers with no upper age limit for drivers.
However, a number of insurers increase the costs substantially as you age which can make these policies difficult to afford.
The DVLA (DVA in Northern Ireland) will assess your medical condition or disability to determine whether you can continue to drive. Notifiable conditions are anything that could affect your ability to drive safely, including:
To get an over 70s car insurance quote you’ll just need to provide us with the following details:
You can add various optional extras to your over 70s car insurance if you want to increase your level of protection but check what comes as standard first. Optional extras could include:
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