Over 50s driver UK motor insurance

Over 50s drivers are a low risk so there are many UK insurance companies offering cheap motor insurance, Saga is well know but visit the websites of some other companies and you will see further discounts for the over 50s.

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Car insurance rates are cheaper for mature drivers because, statistically, older drivers are careful and more safety conscious and also cover a lower mileage. They also have fewer accidents than other drivers and when accidents occur they usually incur less damage.

Many insurance companies recognise the safe driving record mature drivers, for example, Nat West offer an extra 5% discount on their no claims bonus making a maximum no claims bonus of 70% for older drivers.

Premiums vary between individuals because they are calculated based upon a large number of criteria, i.e. the driver's age, experience, driving record, occupation, the type of vehicle and the insurance group that it fits into, where it is kept, the uses it is put to and the type of cover required. When buying motor insurance you must give the insurer full information. Please note that it is an offence under the Road Traffic Act to make a false statement or withhold information for the purposes of obtaining a certificate of motor insurance and it may also invalidate your policy.

The 3 categories of motor insurance are

• Third Party Only, covers the policyholder against damage to a third party's property or to the third party themselves, a Third Party Only policy will pay for the repair to that other car, and will pay for any medical claims or injuries suffered by the occupant(s) of that other car and any passengers in your car other than you. A Third Party Only policy will not pay for the costs of repairing your own vehicle nor will it pay anything toward your medical expenses and if your vehicle is stolen or sets on fire, a Third Party Only policy will not make any payment toward the theft or repair of the car.
• Third Party Fire & Theft, exactly the same as the Third Party Only policy, but will also pay out in the event that your car is stolen or sets on fire.
• Fully Comprehensive, will pay-out for third party damages and injuries, will pay-out in the event of your car being stolen or set on fire, and will also pay for any damage to your own car (regardless of whose fault the accident was).