Compare Over 40s Car Insurance

Over 40s Car Insurance: Compare Quotes & Save

They say life begins at 40 and there is no doubt that reaching this milestone can have many benefits - including great rates on car insurance! Many people who are 40 and older have been driving for many years and this can mean more experience, fewer claims, and less money to pay out on premiums. If this is you, then take the time to compare car insurance for over 40s and make sure that you are getting the best product and price available.

Of course, not everyone in their forties or beyond has been driving for decades, and new drivers of all ages will inevitably pay more than their experienced counterparts. Having said this, older drivers can still often pay significantly less than younger people who have just passed their test, especially if you use our services to help you find the best Car Insurance for 40 year olds.

Why Can Over 40s Save money?

Statistics from the road safety charity Brake show that older drivers are much less likely to be involved in a car accident than younger drivers. In fact, data shows that almost a quarter (23 per cent) of all young drivers aged between 17 and 24-years will be involved in an accident within two years of passing their driving test. This means that even new drivers who are over the age of 40 can save money on Car Insurance compared to their counterparts in their teens or early 20s.

First-time drivers in their 40s will inevitably pay more than more experienced drivers but less than those classed by insurers as 'riskier' options. This means that premiums should fall in the middle ground. When this is the case, it is always important to ensure that you are at the right end of this middle ground by making sure that you compare Car Insurance policies and premiums and get the best deal.

As a driver over 40, you may be pleasantly surprised to learn that you could save on your Car Insurance premiums. Many insurers recognise the experience and lower risk associated with older drivers, offering tailored policies and competitive rates. At Free Price Compare, we're here to help you compare quotes from top UK insurers and find the best deal for your unique circumstances.

Get Quotes

Factors Affecting Over 40s Car Insurance Premiums

While your age can positively influence your Car Insurance premiums, several other factors also play a role in determining your rates:

1. Driving history and claims record
2. Type and value of your vehicle
3. Annual mileage and usage
4. Parking and overnight storage location
5. Level of coverage (comprehensive, third-party fire & theft, or third-party only)
6. Voluntary excess amount
7. Additional drivers on the policy
8. Your occupation and employment status
9. Your residential area and postcode

Choosing the Right Level of Cover for Over 40s

When comparing car insurance quotes, it's essential to choose a level of cover that aligns with your needs and budget. The three main types of car insurance are:

Comprehensive Cover: Offers the most extensive protection, covering damage to your own vehicle as well as third-party vehicles and property. This level of cover often includes additional benefits like courtesy car provision, personal accident cover, and windscreen protection.

1. Third-party fire & theft: Covers damage to third-party vehicles and property, as well as fire and theft damage to your own vehicle.
2. Third-party only: The minimum legal requirement, covering damage to third-party vehicles and property only.

As an over 40 driver, you may want to consider comprehensive cover to ensure you have the highest level of protection. However, if you have an older, lower-value vehicle, third-party fire & theft or third-party only cover may be more cost-effective.

Get Quotes

Tips for Reducing Over 40s Car Insurance Premiums

In addition to comparing quotes and choosing the right level of cover, there are several ways you can further reduce your Car Insurance premiums as an over 40 driver:

1. Pay annually instead of monthly to avoid interest charges
2. Increase your voluntary excess (but ensure it's an affordable amount)
3. Reduce your annual mileage by using alternative transportation when possible
4. Install security devices like alarms, immobilisers, or tracking systems
5. Consider a telematics (black box) policy to demonstrate your safe driving habits
6. Park your vehicle in a secure location overnight, such as a garage or driveway
7. Maintain a clean driving record and build up your no claims discount
8. Limit the number of additional drivers on your policy, especially younger or inexperienced drivers

By implementing these tips and regularly comparing quotes, you can ensure you're always getting the best deal on your over 40s car insurance.

References

• [1] www.abi.org.uk