Over 60s car insurance
- Older drivers can often benefit from cheaper car insurance
- Compare and see if you can save today
Compare cheap car insurance quotes for over 60s from 187 trusted provider products[1], including:
See a full list of our car insurance providers
[1] Correct as of December 2024.
How much does over 60s car insurance cost?
Exactly how much your over 60 car insurance will cost depends on your individual circumstances, but looking at our figures:
51% of over 60s customers could achieve an annual premium of up to £391[4]
51% of over 70s customers could achieve an annual premium of up to £436[5]
51% of customers across all age groups could save up to £510[6]
[4] 51% of over 60s could achieve a quote of up to £390.30 for their car insurance based on Compare the Market data in December 2024.
[5] 51% of over 70s could achieve a quote of up to £435.29 for their car insurance based on Compare the Market data in December 2024.
[6] Based on Online independent research by Consumer Intelligence during December 2024, 51% of customers could achieve this saving on their car insurance through Compare the Market.
Compare over 60s car insurance
Now that you’re in your sixties, you might be thinking ahead and looking forward to retirement – and perhaps enjoying some discounts. Did you know that you could start to benefit from cheaper car insurance? Here’s what you need to know.
Is over 60s car insurance cheaper?
Because drivers over 60 are less likely to make a claim than younger drivers, they often benefit from cheaper premiums.
According to the Association of British Insurers (ABI), drivers aged 66-70 pay the least for car insurance – just under a third of the average price paid by 18-20 year olds.
Older drivers tend to be more experienced. They will also have had longer to build up a no-claims bonus.
What’s more, government figures show that older drivers are less likely to be in serious or fatal collisions where speeding is a contributory factor than younger drivers.
Compare the Market data reveals that over 60s could make significant savings on their car insurance compared to young drivers.
| Age band | Average car insurance premium |
| 17-24 | £1,641[2] |
| Over 60 | £391[3] |
[2] 51% of young drivers between 17-24 years old could achieve a quote of up to £1640.73 for their car insurance based on Compare the Market data in December 2024.
[3] 51% of over 60s could achieve a quote of up to £390.30 for their car insurance based on Compare the Market data in December 2024.
How is over 60 car insurance calculated?
When it comes to calculating your premium, insurance providers consider a number of factors, including:
- Your claims history
- Your no-claims discount
- The type of car you drive
- Where you live
- How much you drive.
Another element that’s added to the cost of your insurance is insurance premium tax or IPT. This currently stands at 12% of your car insurance premium.
How to get cheap over 60 car insurance
You might be able to reduce the cost of your car insurance by:
- Improving your car’s security by fitting an industry-approved alarm or immobiliser
- Reducing your annual mileage or making sure your annual mileage is accurate as you may now be driving fewer miles
- Increasing your voluntary excess
- Paying for your annual insurance up front
- Carefully considering which add-ons you really need
- Shopping around for the best deal.
Will my health affect my over 60 car insurance premium?
It may do. If you have a medical condition that affects your ability to drive, you must tell the DVLA and your insurance provider. This may affect what you pay for your car insurance.
If you don’t let the DVLA and your provider know, you could be fined up to £1,000 as well as invalidating your insurance.
To check whether a medical condition needs to be reported, use the government’s online service.
Do I need a medical exam or health check to buy over 60 car insurance?
You probably won’t need to do a medical to get seniors car insurance if you’re fit enough to drive safely. But you will need to tell your insurance provider about any medical conditions that might affect your driving. If you don’t, your policy will likely be invalid.
You must meet the DVLA’s minimum eyesight requirements. This includes wearing your glasses or contact lenses every time you drive if you need them to meet the ‘standards of vision for driving’.
So a regular eye check to make sure you can meet the required standards is essential.
What extras should I consider with my over 60 car insurance?
You might want to consider these optional extras which can help make life easier when things go wrong:
Always consider whether you really need any add-ons and whether they’re worth the extra premium to you.
What do I need to get a quote?
To get an over 60s car insurance quote you’ll need to provide us with your:
- Name, age and address
- Registration number, or model and age of your car
- Annual mileage
- Occupation or retirement status
- Details of your driving history, including any claims, accidents and motoring convictions in the past five years.
What our expert says...
“Always be as accurate as you can when getting an over 60s car insurance quote. Never put ‘unemployed’ as your job title if you’re retired, as this could ramp up your premium by hundreds of pounds.”
- Julie Daniels, Motor insurance expert
Where can I compare over 60s car insurance?
You can compare car insurance for all ages right here at Compare the Market. Our price comparison service is quick and easy to use, giving you a list of quotes based on your needs, in a matter of minutes.
Why not try our over 60 car insurance comparison service to see if you can save?
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Quick, easy and found a good, cheap car insuranceJosephine • 20/07/2024
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Frequently asked questions
Do I have to tell my insurance provider when I retire?
Yes, you should always tell your insurance provider about any change in your personal circumstances as this could affect your cover. Plus, your occupation can make a big difference to how much you pay for your over 60s car insurance.
Updating your policy will not only protect you if you need to make a claim, but could even mean you get a discount if, for example, you’re driving less than you used to.
How does being retired affect car insurance?
Your car insurance could be cheaper once you’ve retired, as leaving work can have a big impact on the amount and type of driving you do.
If you once commuted to work by car but now only use it to run errands, tell your insurance provider. If your annual mileage is lower, you may be considered less of an accident risk. This could be reflected in your annual premium.
You’re even more likely to get a discount if you were using your car for business travel, as you can now exclude this from your policy.
Do I need a specialist car insurance provider now I’m over 60?
You’re not obliged to go with car insurance companies for seniors, but you may find that they offer perks for older drivers. Typical benefits might include:
- A fixed-price promise for three years
- No upper age limit
- Guaranteed courtesy car
- Up to 180 days of European cover
- ‘Get You Home Service’ following an accident
- Unlimited windscreen cover.
That’s why it makes sense to shop around and see if you can get a cheaper car insurance deal. You may find you can get benefits that your old policy didn’t provide.
Is telematics insurance suitable for over 60s?
Telematics insurance can be cost-effective for retired drivers who don’t use their car much, as many of these policies base their pricing on mileage.
Telematics, or black box insurance, is when your driving performance is monitored using a smartphone app or device fitted to your car. This information is then sent to your insurance provider. If you’re found to be a safe driver, you may be rewarded with a cheaper premium when it’s time to renew.
Will my over 60s car insurance cover my car in Europe?
Yes, all car insurance policies provide a minimum of third-party cover to drive in the EU. But if your European cover is only third-party, you may want to pay more to upgrade to comprehensive insurance. You may want to consider breakdown cover too.
