As you get older and have more experience on the road, often the cost of your car insurance will decrease. With years of safe driving under your belt, insurers are likely to view you as less of a risk behind the wheel compared to younger drivers. That means you’ll find cheaper car insurance for the over 50s from most providers.

Is over 50s car insurance cheaper than standard car insurance?

Most drivers aged over 50 have decades of experience behind the wheel, meaning the majority of insurance providers view them as relatively low risk drivers which can result in cheaper car insurance. Although this does depend on your personal driving history. Other factors play a part in the cost of over 50s car insurance too, including the make and model of the car you drive.

It's also worth considering how often you'll be driving, as you can pick up temporary insurance policies if you only plan on getting behind the wheel a few times a year.

Unfortunately, Asda Money does not currently offer a comparison service for this option yet.

Here are the average car insurance premiums for those aged 50 and over *

  *Based on the average annual price of policies sold between January 2023 and January 2024 through the car insurance comparison service through Asda Money provided by Vast Visibility Limited.  

What should a car insurance policy for older drivers cover?

Just as with regular car insurance, you’ve got three levels of cover to choose from when it comes to car insurance for the over 50s:

Third party

Covering you for damage or injuries caused by you to others in the case of an accident, but not providing any personal injury costs or repairs for your car.

Get a quote for third party

Third party, fire and theft

Third party, fire and theft covers the cost of damage you cause to others, but also covers any damage to your car or losses caused by fire or if your car is stolen.

Get a quote for third party, fire and theft

Fully comprehensive

Including everything from third party, fire and theft insurance. You’ll also have protection for you and your vehicle, even if you cause an accident. It’s the highest level of cover available.

Get a quote for fully comprehensive

Optional extras

Individual car insurance policies will vary, but you can often add optional extras to enhance your level of cover, including:

• Personal accident cover
• Windscreen cover
• Misfuelling cover (the cost of repairs after putting the wrong fuel in your car)
• Driving other cars (DOC) cover
• Breakdown cover
• Courtesy car cover
• Driving abroad cover
• Cover for legal costs

How to save money on car insurance for older drivers

Whilst car insurance for over 50s tends to be cheaper than for younger drivers, there are still steps you can take to lower the cost of your premiums, including:

• Opting for fully comprehensive insurance: Comprehensive car insurance policies are often cheaper for most drivers compared to third party policies.
• Agreeing to a maximum mileage: Agreeing to drive less than a specific number of miles can lower your premiums by showing you’ll only spend a certain amount of time driving.
• Paying annually: Insurance policies are often cheaper if you pay in one annual sum rather than in monthly instalments.
• Increasing your excess: If you volunteer to pay more with each claim, your provider may offer you a lower premium.
• Taking out a telematics policy: A black box is installed in your car that monitors how you drive. If you’re judged to be a safe driver, your premium may be lower when you come to renew it.
• Parking your car securely: Your premium will likely be lower if your car is kept off the road and in a locked location, like a garage.
• Fitting safety features to your car: Additions like an immobiliser and a tracker can make your car harder to steal and easier to find if it has been taken, lowering your insurance risk.
• Comparing quotes: You’ll find the best deals on over 50s car insurance policies by comparing quotes. You can do so easily through Asda Money. The car insurance comparison service is provided by Vast Visibility Limited.

What happens when you compare car insurance through Asda Money?

Comparing car insurance quotes through Asda Money* has never been simpler. All you need to do is complete a number of simple questions about you, the car you’re looking to insure, and your driving history.

Then, your details are run through the various car insurance providers on our panel. You can compare quotes from some of the UK’s top car insurance providers, including the likes of Aviva, Hastings, and Admiral. You’ll also be able to see prices for Comprehensive, Third Party, Fire and Theft, and Third Party Only policies.  Plus, some providers will offer multi-car discounts if you insure multiple cars under the same policy.

At that point, it’s up to you to select the quote and level of cover that best suits you.

*The car insurance comparison service is provided by Vast Visibility Limited.

What are the benefits of specialist over 50s car insurance providers?

There are a number of insurance providers that specialise in car cover for over 50s, providing dedicated policies for more experienced and mature drivers. As well as offering competitive prices, dedicated car insurance for older drivers typically comes with some added extras. These may include:

• Courtesy car cover and services which can help you get home in the event of a breakdown or an accident
• Emergency driver cover if you need to have medical treatment and require someone else to drive you home
• Unlimited cover for driving in Europe
• Unlimited cover on items like a satnav or stereo in your car

One of the biggest plus points for specialist over 50s car cover can be that they don’t have an upper age limit for their cover, meaning that you can get insurance even well into your 90s and beyond.

Can car insurance for over 50s cost more?

Insurance premiums for over 50s are typically cheaper than for younger drivers – this is down to the years of experience older drivers can have along with potentially substantial no claims discounts. But there are some factors which could make your insurance quotes more expensive.

If you have points on your licence or a history of getting into accidents then this can affect the cost of your insurance. Driving a high-performance car – or an otherwise expensive make and model – can also cause insurance premiums to be higher than average, as it would with all insurance policies.

However, one element that shouldn’t impact your car insurance quotes is your health like it does with travel insurance for example. As long as the DVLA deems you fit to drive, then your health won’t impact a car insurance policy. If you do get diagnosed with a medical condition that could impair your driving, then it’s important to contact the DVLA so they can determine whether you’re fit to drive.

Should I use a specialist for car insurance if I’m over 50?

It’s a sensible idea to get quotes from a range of insurance providers, including those that specialise in car insurance for the over 50s. Specialist insurance providers may be able to provide you with cheaper car insurance for older drivers, with better levels of protection and more added extras.

What happens to my car insurance when I’m over 70?

If you’re celebrating your 70th birthday in the next three months, or have recently turned 70, then legally you have to renew your driving licence to ensure that you’re fit to drive. This is free to do, and you will need to renew every three years^[1].

This doesn’t mean you have to retake a driving test, but your licence does need to be kept up to date with any medical conditions you’ve been diagnosed with which could impede your ability to drive safely, such as:

• Diabetes
• Epilepsy
• Eye conditions
• Heart conditions
• Parkinson’s disease

[1] https://www.gov.uk/renew-driving-licence-at-70