Pensioners Car Insurance

Compare Car Insurance for OAPs 

 If you’re a pensioner and you’ve been driving for many years there’s a good chance you’ve built up a sizable No Claims Discount, which means your premium is likely to be a lot lower than a younger driver might have to pay. 

Of course, that doesn’t mean you should automatically accept your existing provider’s renewal quote, because it’s usually possible to find a cheaper price than a renewal quote when you use a price comparison site like Quotezone to shop around for the best car insurance deals. 

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Is car insurance for OAPS more expensive? 

It’s not so much the fact that you’re a pensioner that influences the cost of your car insurance, so much as the other risk factors that are often closely correlated to that fact. 

For instance, pensioners are likely to be much safer drivers than teenagers and other first time drivers because they have a lot more experience, which means they will get into fewer accidents and make fewer insurance claims on average than these younger motorists. 

Similarly, pensioners are less like than younger drivers to receive speeding convictions, drink driving convictions or other motoring convictions, which again translates into cheaper average pensioners’ car insurance quotes. 

Of course, insurance providers do use a wide range of other variables when calculating insurance premiums, including your location and the crime rate in your local area, the type of car you drive, where you normally park your car and how many miles you tend to drive your vehicle in a typical year, so you aren’t guaranteed cheap quotes simply because you’re a pensioner. 

When I’m comparing car insurance for pensioners should I choose ‘unemployed’ as my occupation? 

No, definitely not. 

A driver’s occupation can have a significant impact on their insurance premiums but car insurance for unemployed people tends to be a lot more expensive on average. 

Since pensioners have very different risk profiles from unemployed people, you could be costing yourself hundreds of pounds if you list your job title as ‘unemployed’. A much better option for pensioners is to choose something like ‘retired’, which is usually an option on insurance quote forms and should result in much cheaper quotes. 

Is it true that pensioners’ car insurance premiums begin rising again after the age of 70? 

Drivers are required to renew their licence when they turn 70, and then every three years after that, because road accident data suggests driver’s in their late seventies and eighties are more likely to be involved in an accident than someone in their fifties or sixties. 

Unfortunately, that often translates into higher insurance premiums for these older drivers as well, which can sometimes come as a bit of a surprise if you’ve been used to your premium holding steady (or even falling) year-on-year when you were in your sixties. 

What steps can I take to find cheap car insurance for pensioners? 

As we’ve already mentioned, the most important thing to do is shop around for the best insurance deals rather than automatically accepting your renewal quote. 

Beyond that, there are a few other steps you can take that might help lower your insurance quote even more, such as: 

• Paying for the full year upfront – This can sometimes be a painful pill to swallow when your premium is very high, but if you’re able to pay the full amount upfront you could save quite a bit of money versus a monthly payment plan. 
• Parking your car off the road when you aren’t driving it – Cars that are parked on a private driveway or in a garage have a lower risk of being stolen, vandalised or hit by a passing car.
• Opting for a telematics insurance policy – You’re probably only going to want to consider a black box insurance policy if your insurance premium is particularly high. For instance, if you’ve recently lost your No Claims Discount due to an at-fault accident, had your licence endorsed with penalty points or received a drink driving conviction then a telematics policy could help to reduce the cost of your pensioner car insurance until those factors begin to carry less weight.