LV= Now Offering Over 80s Car Insurance
Times are a changing with LV= insurance company, formerly known as Liverpool Victoria, joining a growing number of insurance providers to have now scraped the upper age limit which was set at 86. They were one of the first companies to take the lead when it comes to senior travel insurance, being also one of the first to remove age limit on travel cover. The success of that move was one of the driving factors in persuading LV= to review their upper age limit on car insurance. This is good news, especially for existing customer who were being denied cover when they had reached age 67, which in my view is unfair and also prevalent is prevalent in the health insurance sector. Speaking about the decision to remove the upper age limit on their motor insurance policies, LV= managing director, John O’Roarke, revealed that LV= decided to remove the upper age limit on their car insurance policies as they realised that the UK population are living longer and a huge demand did indeed exist for this product. Like car insurance, Motorhome insurance for over 80s is also a product that is in demand. Overall, more insurance companies are now providing cover for overs 80s or are considering it. At the moment the number of companies that provide cover for the elderly now include Saga, RIAS, the AA and Virgin Money who offer car insurance for older drivers.
When you are looking for car insurance cover as you get older, remember that there is no maximum legal driving age in the UK. Unfortunately, some providers do impose an upper age limit, but we will focus on those that do not penalise older drivers and how you can make savings on 80s car insurance.
Tipes to Reducing the cost of Car Insurance for Senors
Whilst your risk profile may result in increased premiums you can take other steps to lower the final premium cost, we list some steps that you may be viable to keep car insurance for over 60s and beyond within your budget.
Does Car Insurance Go Down When You Retire?
Retirement can affect your premiums if you change the primary use of your car from ‘commute’ to ‘social’ or ‘pleasure’. Naturally, when you change this your mileage annually should drop too, and sometimes you can qualify for low mileage discounts that some insurance providers offer. Some insurance companies may offer a senior discount too, which can be up to 10% off your premiums.
Motorhome Insurance For Over 80's
When it comes to finding motorhome insurance for over 80s, the good news is that you will find most providers of campervan insurance are not as restrictive when it comes to providing insurance cover for motorhomes for the over 80s.
Other Car Insurance Options For Over 80s
Another option is to consider temporary insurance or pay as you use model, most providers of temporary car insurance cap the upper age limit to 70 or 75, but this could change in the future as they realise they are losing out on the over 80s marketplace. We have listed the key providers of temporary insurance and advise checking their existing terms for changes to upper age limits. If you live in Northern Ireland, temporary car insurance NI is available with Goshorty,
What is The Cheapest Car Insurance For Senior Citizens?
According to Which? Latest survey review, the following companies came back as best for focusing on the older driver. Here they are:
These are just four, but there are other companies out there that will offer car insurance without any age limit, it is always wise no matter what your age to use a comparison website to shop around and find the most cost-effective deal for you.
Will a medical condition affect the cost of my car insurance?
After age 70 you will need to renew your licence every 3 years. Don't worry, the DVL will send you a D46P application form 90 days before your 70th birthday, and then every three years afterwards. Please note, the DVLA can take up to 3 weeks o process a postal application. When completing the application, you will be asked to declare any medical conditions you have and confirm that you meet the eyesight standards for driving. The DVLA suggest getting a medical check before renewing, as failure to disclose could result in a hefty fine and possible prosecution. Depending on the medical condition, it can have an impact on the cost of renewal.
Get Quotes Now For Senior Car Insurance
As our company name suggests, we can provide multiple quotes. These quotes are provided by a panel of car insurance providers selected by SEPOA. The panel is able and willing to provide seniors with car insurance, regardless of age. Simply click the Get Quotes option below and fill in a quick form to get access to multiple quotes. Then all you have to do is pick the best one!
Over 80s Car Insurance FAQ's
Does car insurance increase at 80?
The main increase on average is at age 70, but it will also gradually increase as you get older. The good news is that it will never reach the levels that young drivers need to pay for car insurance.
What is the cheapest car insurance for seniors?
Insurance providers will base their insurance premiums on the risk profile of the driver and car insurance category. The best advice for seniors searching for cheap insurance quote is to shop around and take proactive steps to lower your insurance risk profile, see article entitled How to save onover 80's Car Insurance.
Why is car insurance more expensive for seniors?
As we age, human response time in general will slow, making car accidents more likely. This is proven statistically, with drivers of advanced age causing a disproportionate number of avoidable accidents.
Will pre-existing medical conditions affect the cost of my car insurance?
Yes these can and do impact the cost of insurance for older citizens, some examples include visual impairments, a history of strokes, or cognitive impairments, Please take note that you must declare pre-existing conditions, failure to disclose them could result in policy nullification during a claim.
Other Ways to lower costs of car insurance when over 80's
We have covered the key areas of how improving security, drive a car in a low insurance group can help reduce the cost of car insurance, but other approaches do exist. Two examples that would benefit occasional users include a limited miles policy or pay as you use policy. Car sharing is also growing in popularity and may be something to consider.
Insurance Guides for Over 80s:
Last Update August 2024 by MultiQuoteTime Editorial Team