One of the big milestones in life and in car insurance comes when you reach 50.
Many car insurance companies view the over 50s age group as a safer bet.
Below are some of the reasons people over 50 tend to get cheaper car insurance quotes than those of a younger age.
- Experience
There’s a lot to be said for having years of driving experience. Experience behind the wheel can help make drivers take better and safer decisions when they’re out and about.
The longer you’ve driven for the more your sense of danger develops too and many over 50s are able to better predict and look out for the sometimes erratic behaviour of other road users.
In terms of car insurance, experience of driving in different weather and road conditions also helps to keep premiums low. For example, a new driver may not know how to drive in the snow whereas an older head will probably have done it before and know how to handle their vehicle safely.
- Maturity
Young drivers’ car insurance premiums are high because statistically they’re more likely to be involved in an accident than someone over 50.
A lot of this is down to maturity. At 17, it’s easy to be egged on by your friends in the car and do a bit of showing off. By the time most people have reached 50 this kind of behaviour is well out of their system.
The maths for car insurance are simple, if you’re of an age where you take more care on the road and are less likely to make a claim, the less you’ll pay.
Cheap car insurance for the over 50s is based on statistics as well as individual driving history. So someone who’s just turned 50 but has a history of causing accidents won’t automatically get cheap car insurance quotes.
- Choice of vehicle
Another generalisation that is made for over 50s car insurance is the type of vehicle people drive. While younger drivers may be attracted to faster high performance cars, the over 50s are usually more sensible in their choices.
The car insurance group your car is in makes a massive difference to your premiums. For example, something like a Ford Fiesta would be cheaper to insure than a Chrysler Crossfire.
The over 50s enjoy cheap car insurance premiums for all the reasons above and more. If you’re over 50 make sure you’re being quoted a cheap premium and not the same as everyone else.
Author Bio:
The co-operative insurance source cheap car insurance quotes for over 50s in the UK.