Most 70 year olds have been driving for a while and though it may seem reasonable to be asked to re-apply for your licence every three years with a medical declaration, you would hope that your car insurance costs would reflect your decades of experience. However, it seems that more elderly motorists are considered higher risk by some insurance companies.
However there is some evidence that backs up the idea that older drivers are involved in more accidents than the average driver. Statistics show that around 8% of serious or fatal accidents involved drivers over the age of 70 – this doesn’t necessarily mean that they caused the accidents of course. Further evidence suggests that those over 70 are more likely to claim on their car insurance than people in their mid 40’s. Of course, anybody in their 40’s who is working can afford to save their no claims bonus from the occasional bump and scrape. Pensioners are often living on limited incomes and don’t have the opportunity to do a bit of overtime to cover unexpected costs – so all that particular statistic illustrates is that they may have to claim on their insurance.
A spot of silver surfing
Women are statistically safer drivers, but this makes little difference once you reach your seventies. Thankfully there are plenty of ways of finding a good car insurance quote, shopping around is, as ever the best. Compare car insurance quotes from as many different providers as possible and don’t just rely on those insurers aiming at the more mature market. While some of these companies claim to offer insurance for older drivers, a quick silver-surf on the net can highlight some serious savings. If you find cheap car insurance using this method, you may find that your existing insurer is willing to match or better the price. If you’re not too confident on the internet you could always ask a relative or friend to help you out. You could even incentivise them to help by giving them a percentage of any savings that you make!
Whatever your age and your needs it is possible to find some seriously competitive car insurance quotes – and as you get older there is a good chance that you will rely on the car more and more to be able to stay mobile and enjoy life. With a little time and a little research you’ll be pleased to find that there are still some bargains out there!