Compare Over 50 Car Insurance

Insurance providers base the cost of premiums on complex statistics which predict the likelihood of an individual claiming on their car insurance. These predictions are made by scoring each individual on a number of 'risk factors', including gender, the type of car driven and size of its engine, where the car is kept and average annual mileage. Age is also considered to be an important influencing factor, with younger individuals more likely to make an expensive claim on their insurance.

Individuals over the age of 50 are seen to be a low risk group in terms of insurance claims. Statistics suggest that people in this age group are less likely to make a costly claim on their car insurance as they are, in general, more experienced drivers, more likely to keep their cars in good working order and more likely to have a lower annual mileage.

When taken together, these factors predict that an individual over 50 years of age is less likely to make a claim on their car insurance than someone in a younger age group or, if they do make a claim, it is likely to be of a lower value with less damage to the cars involved. The insurance providers which specialise in over 50s car insurance are able to provide high levels of insurance cover at lower costs by taking advantage of the fact that as a whole, claims by people in this age group cost them less money.