CAR INSURANCE FOR OVER 50s

Taking better care of your finances as you get older is extremely important, especially when you have increased personal responsibilities. Fortunately, the experience that comes with age allows you to access cheaper car insurance for over 50s.

Marmalade offers experienced driver insurance designed for drivers who have been driving for a few years (or more!). We reward drivers who are statistically less likely to make a claim with convenient and easy-to-manage over-50 car insurance, and two comprehensive options to help you find the right level of cover for your circumstances, and pocket!

Car insurance premiums do tend to go down as you gain more experience behind the wheel and build up your number of claim-free years, meaning that car insurance for over 50s is often cheaper than the same level of cover taken out by a younger, or much older driver.

However, when calculating your premiums, car insurance providers also take numerous factors into account, so your age isn’t the only thing that affects the price. From where you live and how far you drive each year to the make and model of your car, there are lots of other considerations that affect your insurance risk.

According to the Customer Intelligence Car Insurance Price Index (June 2022), on average, drivers aged 50+ pay just £414 per year for their car insurance.

In comparison, drivers under 25 can expect to pay £1,669 annually for their car insurance. Because older drivers tend to be more experienced, with a number of years No Claims Discount under their belt, insurers are able to provide cover at a lower cost than for their younger counterparts.

Marmalade’s experienced driver insurance has been developed specifically with the needs of more seasoned drivers in mind, so is worth considering when looking for car insurance for over 50s. By offering an entirely self-service policy we can pass on cost savings, as well as giving you the ability to manage your policy at your convenience in our Customer Hub.