Searching for car insurance for older people can sometimes feel like an up-hill struggle. Even though older people have generally been driving for years, there comes a point in their life where insurance prices may rise.
This can be caused by many different factors; however insurance policies can sometimes be heavily affected by somebody’s age, rather than their ability.
Just like young drivers are affected by their age, older drivers may find their new insurance quote is larger than they expected! There are many different reasons why older people are still enjoying the use of their car. This ranges from compulsory retirement being abolished; to the basic fact the UK population is ‘top heavy’ with older citizens. Interestingly over the last five years or so, many older members of the public are still working, this means a lot elder people are travelling to and from work on a daily basis.
There’s a ‘general’ myth that older drivers are more dangerous than younger drivers, however accident data doesn’t re-enforce this notion. According to research by Swansea University in 2016, Analysis of data on vehicle accidents showed that drivers aged 70 are involved in 3-4 times fewer accidents than 17-21-year-old men. Young men are more ‘likely’ to be involved in incidents resulting from driving too fast and losing control. (Source)
Cheap Car Insurance for Mature Drivers
Everybody wants to get the best car insurance deal possible; it also helps if the deal happens to be at a great price. There’s a few different ways older drivers can attempt to bring premiums lower.
• Low Mileage – This one couldn’t be easier to explain, the lower mileage a person does, the chances of being involved in an accident decrease. This means they’re unlikely to be making an insurance claim; thus a lower premium is offered.
• Blackbox Technology – This is also known as ‘Telematics Insurance’. In basic terms this means an insurance provider can look at a drivers mileage, speed and location at any time. This sometimes enables premiums to be lower as the driver is considered to be ‘more responsible’. Equally, it also acts as a tracker, should the vehicle get stolen. If you have a new car, you may find that it already has telematic technology built in as standard.
• Alarms and other Devices – If you drive around in an older car, then you should consider extra security features, such as an immobilizer or a car alarm.
• Health Check ups – Believe it or not, if you have a yearly health examination this may lead to lower premiums. This generally will not work on price comparison websites, however if you like to ring an insurance provider, tell them about your clean bill of health. Some providers may well include this piece of information as part of their calculations for your premium.
It’s important to remember that each individual insurance company has their own ‘standards’ and ‘criteria’ and not all of the methods mentioned may help with every company. Equally you also need to do your own research to ‘weigh up’ the cost of installing new equipment against the possible reduction in premiums.
Specialist Insurance for OAP and Elderly Drivers
What happens if you can’t get car insurance for an elderly driver? Well Insurance companies are generally exempt from legislation banning age discrimination, but an agreement between the British Government and the insurance industry in 2012, now requires insurers to ‘signpost’ or ‘forward’ customers on to another company if they turn down a driver on the basis of age.
This means you don’t always have to go with the ‘big boys’; if you feel their insurance quotes are not competitive, or they simply won’t insure you, then it’s definitely worthwhile to consider a specialist insurance provider for older drivers. Some specialists companies offer tailored policies, which might suit your own individual circumstance.
For example, there are policies for ‘beginner’ drivers over 50, who are just starting their life on the road. You can even find other specialist insurers who offer car policies with no upper age limit, this means you can potentially get motor insurance if you are over 50, 60, 70, 80 or even 90 years old.
How to Renew a Driving Licence at 70 years Old
When you turn 70, the DVLA will automatically send you a form to renew your licence for a maximum of three years. On this form you need to declare that you are still fit and able to drive safely, so it remains your sole responsibility to judge this. If you feel you may have developed some form of medical condition, such as deterring eyesight, hearing problems, etc. Then please click on the link to to read our driving with a medical condition help guide.
If you’re not confident you can make this judgement yourself, you can get professional advice from a Mobility Centre or from a health professional such as a doctor. You will have to renew your licence in this way every three years. You can renew your licence for free on line (please Click Here to visit the DVLA’s official website) or pick up an application form from the post office. If you apply online then it should arrive around one week later. Equally you can also change the licence photo if you require at the same time as renewing your licence.
You can still drive your car, while your licence is being renewed by the DVLA, if you meet all the following conditions:
• you have the support of your doctor to continue driving
• you had a valid licence
• you only drive under the conditions of the previous licence
• your application is less than a year old
• your last licence wasn’t revoked or refused for medical reasons
• you’re not currently disqualified
• you weren’t disqualified as a high risk offender