Cars have become a modern necessity, and so has car insurance. It is mandatory by law and protects people financially in cases of accidents, theft, or damage to their vehicle. The cost of these policies may vary for seniors or those driving with a clean, accident-free record, as they may be eligible for discounts. Researching various insurance companies will enable people to know the pros and cons of each provider.

Age Co
Age Co is a company specialised in providing car insurance for seniors over 50s, 60s, and 70s. Their standard policy covers 24-hour helpline, accidental and misfuelling damages or drainages, windscreen repairs, and lock replacement. In case of an accident or other car issues in the middle of a journey, the insurance covers up to £500, which can allow one to continue to their destination or return home. One can also get optional features in their coverage, such as guaranteed hire car and protected No Claim Discount (NCD), a discount one receives for not making any claims in the past years.

RIAS
RIAS is another insurer that provides tailored car insurance and protection to senior citizens over 70 years of age. With RIAS, one can get standard features like 24/7 claims service and windscreen cover that replaces or repairs the windows or glass. They also provide a benefit called courtesy car. Here, in the event of an accident or breakdown, RIAS provides a courtesy car to ensure that seniors can remain mobile while their vehicle is being repaired. Moreover, the insurer charges no administrative costs and allows policyholders to manage their policy online. As an option, one can also add motor legal protection for a yearly cost starting at £22.75. Replacement car cover can also be added for as low as £25.15 in cases where one’s car is stolen or damaged beyond repair.

Saga
This is a popular choice for seniors, especially those over 50 years old. Their standard insurance policy has a cover limit of £400, but one can bump it up to £1,000 with their Select and Plus packages. These cover windscreen repair for no extra cost. Further, there is no cover limit for auto equipment fitted in the car, like telephone, audio system, television, and navigation devices.

NFU Mutual
It is a popular choice for insurance plans for seniors since they have no admin fees and offer motor legal protection as standard for their insurance. They also offer 0% APR on monthly payments, which means there won’t be any interest or additional costs with the payment. This can be a great option for seniors on a pension or planning for their retirement. NFU Mutual also has no cancellation fees. Moreover, it offers unlimited cover for car seats and optional coverage for sunroof, foreign use of the car, misfuelling, and fitted in-car audio. However, they may not provide full protection against stolen keys. Further, their NCD may only protect car owners for two claims in five years, which may not be ideal for all.

By Miles
Known for their customer-centric approach and pay-by-the-mile insurance coverage, By Miles offers unlimited coverage for stolen or lost keys, child seats, and audio-visual equipment, including stereos. It also provides a misfuelling cover of £500 for stolen or damaged personal belongings in the car. This type of car insurance is more suitable for seniors or retired individuals who do not drive too often and may go on leisure trips once in a while.

There are several other companies with different plans that suit different automotive needs. To find the b est car insurance plans  for seniors, it is important to compare quotes online from different insurance companies through free tools and websites. The side-by-side comparison can give a better idea about which policy offers the most comprehensive coverage at the most competitive price, so one can buy coverage that suits their needs and budget.

Average cost of car insurance for seniors
Usually, the rate of car insurance premiums may be higher for seniors, especially those over 55 years, because of certain perceived risk factors like certain age-related health issues. On average, the insurance cost for seniors over 75 can go up to £752 per year. However, it varies based on a range of factors.

How to cut down on insurance costs
There are ways one can cut back on car insurance costs without reducing the cost of damages or compromising coverage. First, seniors who want to save money can choose a less powerful car. Driving less often can also make one’s insurance cheaper. Another way is to improve the security of the car. Those who have been driving without any accidents may be eligible for discounts. Further, research suggests that getting a new policy about three weeks before the current one ends usually leads to scouring a cheaper deal. Moreover, after 70, one is advised to renew their driving license once in three years, and also keep the medical information updated in the records. In most cases, medical conditions that affect one’s driving like eyesight problems could also potentially affect one’s insurance premium cost.