Compare over 50s home insurance deals

If you’re over 50, you may already be benefitting from cheaper car insurance. But it’s possible to find deals on your home insurance too.  
 
Our guide to over 50s home insurance explains why age can be an advantage when it comes to getting a great deal on your home insurance policy.

If you’re over 50, you may already be benefitting from cheaper car insurance. But it’s possible to find deals on your home insurance too.  
 
Our guide to over 50s home insurance explains why age can be an advantage when it comes to getting a great deal on your home insurance policy.

Chris King
From the Home team
3
minute read
Do you know someone who could benefit from this article?
Posted 3 AUGUST 2021

Is over 50s home insurance cheaper?

Home insurance for over 50s can be cheaper as insurance providers generally consider people of that age to be a lower risk, as they’re less likely to make a claim. And when they do claim, it’s often for smaller amounts.   
 
Research also suggests that those who are older tend to be more honest when making a claim.  
 
Your premium cost will, of course, be based on your personal circumstances, like where you live. But providers may look favourably on you if you’re over 50 for the following reasons: 

  • People in their 50s and 60s have often been homeowners for years, so they typically have more practical knowledge of home maintenance and more time to keep on top of it, so preventing mishaps like burst pipes that can lead to expensive claims.  
  • We tend to be more security-conscious as we get older. According to a recent Office for National Statistics (ONS) survey, older homeowners are less likely to be the victims of home burglary than younger adults and they may also tend to take a more proactive approach to home security. Burglar alarms are one of the most popular measures, as are Neighbourhood Watch Schemes.

  • Older homeowners are likely to have had home insurance in place for longer and may have had to claim in the past. As a result, they’re likely to be more careful about checking what their home insurance covers and accurate when calculating the value of their possessions.  

Benefits of over 50s home insurance

As well as potentially lower premiums, if you’re over 50 you could also usually expect to benefit from: 

  • access to products and discounts from specialist over 50s insurance providers, like RIAS and Saga 
  • higher levels of contents insurance cover
  • a higher maximum limit for buildings insurance cover
  • discounts for installing security features
  • extended cover for an empty house - some insurance providers will cover an empty home for six weeks or more for over 50s policy holders. 
  • cover for mobility aids you may need as you get older, like a mobility scooter, electric wheelchair or chairlift. 

Each insurance provider will offer different terms, so it’s important to check the policy details carefully before buying. And bear in mind that the cheapest home insurance policy isn’t always the right one for you. It’s important to make sure your policy has all the features and cover you need. 
 
For more tips on reducing the cost of your premium, check out our guide on how to save money on your home insurance

Where can I compare home insurance deals for over 50s?

Our comparison service can help you find a great deal on your over 50s home insurance. Compare home insurance with us today and see if you can save.  

Compare home insurance

Frequently asked questions

Will I need home insurance if I move into a retirement home?

There are two main types of home insurance, although they’re often packaged together. If you move into a retirement home, you’ll normally find that the buildings insurance, which covers the structure of the building, is covered by the retirement home. You’ll usually see some of the costs transferred to you as part of your management or service fees.   
 
You should check what’s included before you move in. You may need to arrange separate contents insurance to make sure your personal belongings are covered.  

Do I need over 50s home insurance?

You don’t have to switch to over 50s home insurance as soon as you hit your golden jubilee year, but there’s no downside to taking a look at what’s out there. As an older, and therefore statistically wiser, homeowner, you can compare a wider range of home insurance policies, including those aimed specifically at your age group. And you could save money on your insurance premium. 

What extra cover is available to add on to over 50s home insurance?

Here’s what extras to look out for. They may be included as standard in a policy or available as an ‘add on’ for a fee: 

  • Away from home cover: if you’re planning on making the most of your retirement by exploring the world, check how long your home insurance will cover you for while you’re away. You might need to purchase extra cover.  
  • Home emergency cover: to make sure you can get help fast when it’s needed, for example if your boiler breaks down in the middle of winter.  
  • Accidental damage cover: to protect your possessions inside the home, in case you break or damage them. 
  • Legal expenses cover: to pay for legal fees if you need a lawyer.  
  • Home working cover: if you intend to continue to work from home after COVID restrictions lift, you should contact your insurance provider to make sure you’re covered.  

Read our guide to how the coronavirus pandemic has affected insurance

How do I compare over 50s home insurance?

To compare home insurance quotes with us, we’ll need to know: 

  • Some personal details about you and your home, including where you live and when your home was built. 
  • If your home is listed, or has any specialist features, such as a thatched roof. 
  • Details of your home’s security, such as what locks and alarms you have in place. 
  • How much it would cost to rebuild your home from scratch – read our guide to calculating the rebuild cost if you’re not sure. 
  • An accurate estimate of the value of your home’s contents and any high-value items that need to be listed individually on your policy.  

Make sure you’re as accurate as possible when calculating the rebuild cost of your home and the value of your possessions to make sure you get a policy that suits your individual needs.  
 
When you’re ready to go, we’re here to help you find the right deal. 

Compare home insurance

Get a quote in minutes and you could start saving

Get a quote
Get a quote in minutes and you could start saving Get a quote