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Compare over 50s home insurance deals

If you’re over 50, you may already benefit from cheaper car insurance. But did you know you could also get deals on over 50s home insurance?

Compare quotes and find out why age can be an advantage when it comes to paying less for your policy.

Discover the benefits of over 50s home insurance with Compare the Market. Find out what over 50s home insurance covers, how it could be more affordable, and the key advantages it offers. Learn how to reduce your premium and compare quotes with Compare the Market to find a suitable deal for your home.

Is over 50s home insurance cheaper?

While some types of insurance can become more expensive as you get older, home insurance for the over 50s can be cheaper.

In general, this is because insurance providers consider older people 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.

As with all insurance, though, the price you pay will be based more on your personal circumstances than your age.

Why are over 50s considered less of a risk?

There are a few reasons why you may find home insurance for over 50s or pensioners can be cheaper:

  • People in their 50s, 60s and beyond have often been homeowners for years. This means they tend to know more about home maintenance and how to prevent mishaps like burst pipes, which can lead to expensive claims.
  • Over 50s may take a more proactive approach to home security, such as installing burglar alarms and joining Neighbourhood Watch Schemes.
  • Older homeowners are usually more experienced at buying home insurance. This means they’re likely to check what their policy covers and more accurately calculate the value of their possessions.
  • Over 50s are less likely to have very young children living with them, so there’s less chance of breakages and spills.
  • Older people tend to be at home more, perhaps because they’ve retired or work from home. As a result, they’re less likely to be burgled during the day.
  • Older homeowners may be more financially secure. They might choose to cover minor repairs out of their own pocket rather than claiming on their insurance.

How much is over 50s home insurance?

The cost of over 50 home insurance is determined by several factors, including your postcode, the type of property you live in and the value of your possessions.

Your provider will also take into account how many years, if any, you’ve gone without making a claim when calculating your premium.

What are the benefits of over 50s home insurance?

If you’re over 50, you could benefit from more than just lower insurance premiums. Depending on your policy, you could also enjoy:

  • Access to products and discounts from specialist over 50 home insurance providers
  • Higher levels of contents insurance cover
  • A higher maximum limit for buildings insurance cover
  • Discounts on home security systems
  • Extended cover if your house is empty – some insurance providers will cover an unoccupied home for 60 days for over 50s policyholders
  • Cover for mobility aids, such as a scooter, electric wheelchair or stairlift
  • Cover for the loan of medical equipment
  • Cover for loss or damage to plants and garden contents
  • Personal possessions cover for carers
  • Fixed premiums for up to three years – some providers may offer this if your circumstances don’t change.

Always check any policy carefully before buying, as each insurance provider offers different benefits.

Do I need over 50s home insurance?

You don’t have to switch to specialist over 50s home insurance when you hit your half-century, but there’s no downside to taking a look at what’s out there.

Even if you’ve paid off your mortgage, it’s still important to have buildings and contents insurance in place. Footing the bill for repairs or replacements yourself could be very expensive if your home is damaged or your belongings are stolen.

As an older homeowner, you can compare a wide range of home insurance policies, including some aimed specifically at your age group. By opting for home and contents insurance for seniors, you could even save money on your premium.

What about home insurance for over 60s?

Cheap house insurance for over 60s and over 70s is a possibility too. Again, insurance providers may see you as less of a risk, and you may also qualify for policies from specialist providers including Saga.

The oldest age groups are more likely to downsize. Some 37% of over 75s who had moved in the past five years did so to live in a smaller property, as compared with 17% aged 50-64, according to a 2023 Housing LIN report. A smaller home, such as a flat or bungalow, could be cheaper to insure than a house.

That said, how much you pay for your policy will depend on many factors, not least where you live and your claims history. To give you a better idea on cost, you could compare house and contents insurance for over 60s.

What are the different types of home insurance for over 50s?

Home insurance for any age is made up of buildings and contents cover. You can choose to buy these separately or get a combined policy.

  • Buildings insurance covers the structure of your property, as well as fitted kitchens and bathroom suites
  • Contents insurance covers belongings that you would take with you if you moved house – like your furniture, gadgets and clothes.

Optional extras

You can also get optional extras with your home insurance cover. You may find they’re included as standard with some policies, or available as an add-on for an extra fee.

Accidental damage cover

To cover mishaps like spilling red wine on the carpet or smashing a valuable vase, add accidental damage cover.

Home emergency cover

To cover the cost of urgent repairs – for example, if your boiler breaks down in the middle of winter – home emergency cover can help.

Personal possessions cover

If you want cover for the belongings you carry around with you when you’re out and about, like golf clubs, mobile phones and watches, add personal possessions cover.

Legal expenses cover

Should you ever need legal advice for common disputes or for claims that are made against you, legal expenses cover could help.

How to get cheaper home and contents insurance for seniors

There are several ways to help cut the cost of your home insurance if you are over 50. These include:

  • Improving your home’s security
  • Increasing your voluntary excess – this is the amount you agree to pay towards a claim
  • Paying annually instead of monthly
  • Estimating the value of your contents accurately, so you don’t pay more than you need to
  • Buying your buildings and contents insurance from the same provider – some offer a discount if you get both.

For more tips, read our guide on how to save money on your home insurance.

Bear in mind, however, that the best over 50s home insurance for you may not necessarily be the cheapest option. It’s important to make sure the policy you choose has all the features and cover you need to suit your circumstances.

What do I need to start an over 50s home insurance comparison?

To compare over 50 home insurance quotes with us, we’ll need to know:

  • Some details about you and your home, including where you live and when your home was built.
  • Details of your home’s security, including 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.
  • The estimated value of your home’s contents, as well as details of any high-value items that must be listed separately 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, so you get a policy that suits your needs.

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

We compare policies for home insurance in minutes to help you find our best deals. Complete an over 50s home insurance comparison with us today to see if you could save.

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Author image Anna McEntee

What our expert says...

“One of the advantages of reaching a more mature age is that you’re often offered cheaper rates for home insurance because of your lower risk profile. But you could maximise those savings by comparing prices rather than simply accepting your renewal quote. Make sure you get the level of cover you need for your property though – not just the cheapest price quoted.”

- Anna McEntee, Insurance comparison expert

Frequently asked questions

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

No, you won’t need standard home insurance if you move into a retirement home. Buildings insurance should be handled by the retirement home. But you’ll usually see some of the costs transferred to you as part of your management or service fees.

You may need to arrange separate contents insurance to make sure your personal belongings are covered. Check whether the retirement home offers any contents cover before you move in.

Does being retired affect home insurance?

If you’re retired, you may be offered cheaper insurance based on the assumption that you’re at home more and therefore less likely to make a claim for theft or vandalism. But this isn't guaranteed.

Retirement shouldn’t have a negative impact on your home insurance premium unless you plan on spending winters abroad, for example, and leaving your home empty for long periods of time.

Is there cheaper home insurance for over 80s?

Once you reach your 80s, you may be able to get an even cheaper premium for your home insurance than you did in your 60s and 70s. But this will depend on your personal circumstances.

If you’ve accumulated a lot of valuable possessions over your lifetime, you may need to increase your contents cover. On the other hand, if you’re downsizing you might be able to lower your cover levels.

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Page last reviewed on 25 FEBRUARY 2025
by Anna McEntee