Over 50s car insurance
Although “over 50” car insurance can be really cheap these days you can still make additional steps to helping getting an even cheaper motor insurance quote.
So why is Over 50s car insurance so cheap? Well, due to the huge competition from the many insurance companies all fighting for their business the prices have come down. Plus, the over 50s age group are considered low risk drivers and don’t make as many insurance claims when compared to other age groups. Older people also don’t work and therefore don’t tend to travel in peek time traffic when the roads are very busy. They also don’t travel very fare and don’t clock up many miles. All these points go towards insurance companies giving them a lower priced premium because they are low risk for making a claim.
In order to reduce the cost of your premium and beat your renewal quotation, you should perhaps think about increasing the voluntary excess contribution that you agree to on the policy. If you were to pay a higher amount then the price of your quote would come down in price. The only problem here is that when you do make a claim to the insurer, you will have to pay this money to the insurance provider before they can start the process of fixing your vehicle.
Parking your vehicle off the road in a secure place will also reduce the price of the premium. If you park it in a garage then this is deemed to be a secure location to store your car overnight and you will receive a discount for this.
If you are not doing that many miles in your car then make sure you try to put an accurate forecast for mileage. If you are using your car less, then you are considered less risk and would get a small discount.
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