A simples guide

Insurance for Mature/Older Drivers

At age 50 or above you can expect to pay less for your car insurance than the typical 17 year old new driver. After all, you’re an experienced driver and this should mean you are less likely to be involved in an accident.

As with drivers of all ages, your premium is also affected by whether you have needed to claim in recent years, how valuable your vehicle is, where you live and whether you have a garage or other secure facility.

Car insurance policies

Car insurance policies exist that are specifically designed for those aged 50 or over, indeed some insurance providers specialise in providing cover for this age group. These policies offer the same cover options as regular car insurance, i.e. third party; third party, fire and theft; and fully comprehensive. Additional perks are also available with certain insurance providers if you require them, either included in the main policy or available to purchase as add-ons. These features include:

• Protection of the no claims bonus if you’re hit by an uninsured driver

• Emergency transport costs and accommodation costs if you are involved in an accident and require this form of assistance

• A courtesy car while your own car is being repaired

• Legal expenses cover

However, a driver aged over 50 can still purchase a regular policy if this is the most suitable option – there is no pressure to purchase specialist over 50s insurance. One thing is for sure though, when you reach 50 the choice of available insurance policies will be larger than ever.
Previously, older women drivers often enjoyed lower car insurance premiums than those quoted to their husbands, but under European Union legislation enacted in 2012, insurance providers cannot discriminate by gender when setting premiums.

Renewal of driving licence at age 70

At age 70, you need to renew your driving licence. However, at age 70 if you are a safe, reliable and experienced driver, you can still expect to benefit from relatively low insurance premiums.
The main consideration here is ensuring you’re still safe to drive.

You need to renew the licence before your 70th birthday, and then every three years thereafter. However, if you satisfy the authorities that you remain fit to drive, then there is no legal maximum age by which your licence must be surrendered.

The Driver and Vehicle Licensing Agency (DVLA) will automatically send you a renewal application form 90 days before your 70th birthday. The renewal process is free. Alternatively, you can apply online.

In most cases, you can continue to drive as before while the DVLA considers your renewal application.

The circumstances in which you cannot continue to drive are:

• Your doctor does not believe you are fit to drive
• You yourself have grounds for believing you are not medically fit to drive
• Your most recent licence was refused or revoked on medical grounds
• You did not have a valid licence at the time of your renewal application
• You have been disqualified from driving
• The DVLA takes more than 12 months to reach a decision on your renewal application

As a driver, you are legally required to inform the DVLA if you develop certain medical conditions or disabilities, and to inform them again if your health subsequently deteriorates.

Informing the authorities that you have a medical condition does not mean that you are automatically banned from driving. The DVLA may instead ask you to attend a medical examination so the severity of your condition can be assessed, may issue you with a short-term licence (perhaps for as short a time as one year) or may require you to modify your car in some way.

If you disclose a condition to the DVLA, you must also inform your insurance provider without delay. If you have an accident in which an undisclosed medical condition may have played a part, then your insurance could be invalidated and you could even be prosecuted.

In order to be able to legally drive in the UK, you must be able to read a modern car number plate at a distance of 20 metres, with the assistance of spectacles or contact lenses as required.

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