How does Rest Less make money
We make money through advertising and commission from affiliate links, which enable us to offer Rest Less as a free service to our users. The content on this page may use affiliate links, which track traffic from our website to a third party provider and enable us to receive a commission or payment from any traffic we refer.
* Affiliate links on this page have an * next to them. We place enormous importance on our editorial independence and the integrity of our content which means that we will never change how we write about something as a result of an affiliate link.
Several factors affect how much you’ll pay for your car insurance, but one that can have the biggest effect on the cost of premiums is your age.
As a general rule, your car insurance is likely to get cheaper as you get older and build up years of driving experience, but once you reach your early 70s, they often start creeping up again.
Here we explore how age affects your car insurance premiums, what over 50s cover is, who offers it and some of the ways you might be able to reduce your premiums.
How much do different age groups pay for their car insurance?
It will be no surprise that younger drivers normally have the highest car insurance premiums, as they are considered the highest risk by insurers due to their lack of experience, but you might be pleasantly surprised by just how much your premiums could fall by as you get older.
According to data from comparison website Uswitch.com, once drivers reach 50 years of age, the average cost of car insurance annually drops below £1,000, with premiums continuing to decrease for each subsequent age group. The largest decrease comes between the age groups 50-59 and 60-69, when the average annual premium falls by 36.88%.
Motorists aged 70 and over typically pay the lowest car insurance premiums of all age groups, with average annual costs of £591, a massive 82.5% less than average annual premiums for those aged between 17 and 20.
Of course, these figures are averages, and the amount you’ll actually pay for your premiums will depend on a number of other factors such as your claims history, the type of car you’re insuring, where you live and so on.
Car insurance you can count on from Saga
Whether you’re buying a new car or looking to get new car insurance, Saga offers three Comprehensive cover levels, which are all Defaqto 5 Star rated. Saga Plus comes with a 2-year fixed price, if nothing changes. 99% of claims paid in 2025. Trusted by over 1 million drivers.
Why do car insurance premiums usually get cheaper in your 50s and 60s?
As with any type of insurance, premiums reduce when insurers think you’re lower risk, and generally the longer you’ve been driving, the less likely insurers think you are to have an accident.
Statistics show that people in their 40s, 50s and 60s are safer drivers than those in their 20s, as they’re less likely to drive at high speeds or get into collisions and therefore less likely to make expensive claims. It’s for this reason that some insurers have created over 50s specific policies.
However, as you reach your late 70s, 80s and beyond, premiums can begin to rise again as drivers in this age group and above are statistically at a higher risk of having an accident. This may be perhaps because they no longer feel as confident behind the wheel, or have medical conditions which could affect their driving.
What is over 50s car insurance?
Over 50s car insurance is exactly as it sounds – car insurance which is designed specifically for drivers over the age of 50. It includes all the main types of car insurance, including third party, third party fire and theft and comprehensive cover. You can find out more about the different types of car insurance in our guide What are the different types of car insurance?
Some over 50s specific policies offer additional policy features such as no upper age threshold, but this will vary from insurer to insurer, so it’s always important to check the fine print. We explain more about some of the extras you might be offered in our article What are the best car insurance extras and add-ons to have?
It’s worth knowing though, that specific over 50s cover isn’t necessarily cheaper than standard cover, and as nearly all insurers will provide cover for people over 50 as part of their core offering, it’s always best to shop around to find the most cost-effective policy to suit your needs.
Who offers over 50s car insurance?
Pretty much all insurers will offer cover for drivers over the age of 50, but some offer specific over 50s cover, including Saga, Sterling Insurance and The Post Office.
For the majority of people, however, the best way to find a good car insurance deal is to shop around.
Advertisement
If you’re looking for cover, Saga has been providing car insurance for people over 50 for more than 30 years. All three of its comprehensive cover levels were named Which? Best Buys in January 2026, with Saga Plus and Saga Select at the top of the table. With 99% of claims paid last year, it’s no wonder more than one million drivers trust Saga.
How to reduce your over 50s car insurance premiums
There’s a good chance you might be able to reduce your car insurance premiums by taking some of the following steps:
- Pay annually rather than monthly for your insurance – paying for your insurance upfront could save you nearly £60 a year, according to Comparethemarket.com. You can read more about this in our article Should I pay my car insurance premiums monthly or annually?
- Reduce your mileage – If you know you aren’t using your car as much, making sure this is reflected in your policy could drive down the cost
- Agree to a higher excess – like any type of insurance, the higher excess you’re willing to pay, the lower your premiums are likely to be
- Choose a car that’s cheaper to insure – If you’re buying a new car, it’s worth knowing that the type of car you choose will make a big difference to your insurance premiums. Have a look at our article 16 cheapest cars to insure to find out more.
One of the best ways to reduce your insurance costs is to compare quotes from a variety of providers and find out which ones offer the best deals. Don’t automatically renew with the provider you’re currently using, especially if you’ve recently turned 50 – it’s likely that there will be better deals available to you. Learn more in our guide Car insurance: why loyalty still doesn’t pay.
Advertisement
If you’re looking for cover, Saga has been providing car insurance for people over 50 for more than 30 years. All three of its comprehensive cover levels were named Which? Best Buys in January 2026, with Saga Plus and Saga Select at the top of the table. With 99% of claims paid last year, it’s no wonder more than one million drivers trust Saga.
Rest Less Money is on Instagram! Check out our account and give us a follow @rest_less_uk_money for all the latest Money News, updated daily.
* Links with an * by them are affiliate links which help Rest Less stay free to use as they can result in a payment or benefit to us. You can read more on how we make money here.
Car insurance you can count on from Saga
Whether you’re buying a new car or looking to get new car insurance, Saga offers three Comprehensive cover levels, which are all Defaqto 5 Star rated. Saga Plus comes with a 2-year fixed price, if nothing changes. 99% of claims paid in 2025. Trusted by over 1 million drivers.
Join the discussion
Read our full commenting terms and guidelines