Motorists are required to have car insurance, to protect not just themselves but other road users that may be involved in an accident with them. Car insurance covers the car itself – if it is damaged in a fire, stolen, or damaged by someone else and also covers third party damage from road accidents.
Car insurance is priced based upon risk factors – so a fast, desirable and sporty car that is more likely to be stolen would cost more to insure than a less appealing looking 4-door sedan or minivan. Someone who drives for a living would have to pay more for insurance than someone who makes only a few short journeys a week on quiet roads. A young person who has not been driving long would have to pay more for insurance than someone who has been driving for many years and who has never been involved in an accident because the person who has a long history of safe driving is demonstrably a lower risk.
If you are a mature driver, then you will know that a car insurance quote over 50 should be quite affordable. You can even reduce your premium further by taking sensible precautions to secure your vehicle, and by utilizing additional discounts such as being 50 plus or taking a defensive driving course.
When you look for a car insurance quote for over 50, it makes sense to try a few different companies and to shop around. Don’t assume that the company that you have been with for many years is the cheapest company for you. Keep in mind that you might be able to take your no-claims bonus with you from company to company, and many insurers have deals to tempt new customers, so you might be able to get a better price simply by changing insurer.
Insurance companies may still discriminate based on gender and they are able to make decisions based on things that do have a demonstrable difference in risk – and one such thing is how long you have been driving. This can be a double-edge sword if you are an older person who has not been driving long, or if you are an experienced driver that has been involved in an accident.
For most people, though, age is an asset and it allows them to benefit from lower prices. This does change at comparatively advanced ages, where the insurance company might be worried about the increased risk of accidents from certain health conditions that drivers are required to expose, or from the impact of failing eyesight and other risks. These are things that motorists should be aware of already – the DVLA requires that drivers who wear glasses keep their prescriptions up to date, for example, but they are things that people tend to overlook.
When shopping for a car insurance quote, remember that some companies offer cheaper insurance if you take multiple policies with them – so you may save money getting your car and home insurance all in one pace, for example.