Asger Risom
Car insurance bills are climbing for motorists over 70, with some paying twice as much as drivers just a decade younger. Insurers say health risks and slower reflexes push premiums higher—but there may be a simple way to keep costs down.
Car insurance bills are climbing for motorists over 70, with some paying twice as much as drivers just a decade younger. Insurers say health risks and slower reflexes push premiums higher—but there may be a simple way to keep costs down.
Rising Premiums After 70
Research shows that drivers aged 65–69 enjoy some of the lowest average premiums at around £329 a year. But costs rise sharply for those over 85, who often pay more than double.
Why Insurers Charge More
Older motorists are considered higher risk due to age-related concerns such as poor eyesight, medical conditions, and slower reaction times. These factors make insurers cautious even if a driver has a clean record.
The Lifestyle Factor
Not every pensioner is on the road daily. Many drive less often than commuters, using cars only for shopping, appointments, or local trips. Yet their premiums don’t always reflect this difference.
The Numbers Tell a Story
According to Taking Care Personal Alarms, drivers over 70 average just 1,665 miles a year—about 28 percent fewer than the national average. That means many older drivers are paying for risk they don’t actually pose.
What Insurers Look At
Mileage plays a key role in insurance pricing. Simply put, fewer miles usually equals lower risk. Insurers reward motorists who drive less with cheaper annual premiums.
The Tip That Saves Money
Experts say pensioners should report their reduced mileage when renewing policies. Informing insurers you no longer commute or only drive occasionally could cut bills dramatically.
A Word of Caution
The advice comes with one condition: be honest. Exaggerating lower mileage can invalidate a policy if you exceed it, leaving drivers uninsured in the event of an accident.
Small Change, Big Savings
For many over-70s, the key to lowering premiums lies in their lifestyle. By accurately reporting reduced mileage, pensioners could save hundreds of pounds each year—a vital win for those on fixed incomes.
