When insurance companies work out the price of a policy they are doing all sorts of complicated calculations to work out how much of a risk each customer might be – that is, how likely they are to need to make a claim. Age is one of the factors; like where you live, where you keep your car at night, how long you’ve been driving, how many claims you’ve made before and various other things.
If someone hasn’t been driving long or has had previous accidents, they might be more likely to have some kind of prang due to lack of experiance so insurance companies might make them pay more for their policy. If you drive an expensive car, any accident or damage to it is likely to cost the insurance company more, so again this will push up the cost.
So if you’re over 50, haven’t needed to claim in recent years, have a safe and reliable car but it’s not at the premium end of the market and you live in a safe location, you can expect to pay a fairly low premium for your car insurance – especially compared to a teenager.
The best way of understanding the kinds of policy available and what the costs are is to use comparethemarket.com to compare over 50 car insurance quotes. Just click ‘Start a quote’ and fill in your details, it only takes a few minutes. We’ll then show you a list of car insurance quotes, by price order with the cheapest car insurance at the top of the page.
Don’t just choose the cheapest policy without looking at it properly though, it’s really important that you choose a policy that’s right for you. It might be a special over 50s car insurance policy – but it might not!
There are a few things you might like to think about when you’re doing your car insurance comparison.
Against each car insurance quote we show you whether the four main optional extras are included in each policy. These are windscreen cover, courtesy car, breakdown cover and motor legal protection. Cheap car insurance often doesn’t include these things as standard, so think about which of them is important to you.
Extras you might want
Windscreen cover means your provider will arrange for your windscreen to be replaced if it gets chipped or cracked (depending on size of crack/chip). There is usually an agreed excess for repair or replacement. If a courtesy car is included in your policy, then you will be provided with a hire car if you’re unable to drive your own following an accident. There are a few variations in how this works among the car insurance companies, so check the details of this carefully.
Breakdown cover give you support if your car suffers a mechanical breakdown. Again this can vary between providers. You might prefer to buy breakdown cover separately instead, so that you can choose all the details to suit you. Luckily, you can compare breakdown cover with comparethemarket.com too.
Motor legal protection could help cover the costs to claim compensation for any injury or losses that are caused in an accident that isn’t your fault. For all of the above cover, make sure to check your details in full, so you understand any additional terms and conditions.