Is car insurance for over 50s cheaper?

Drivers over 50 are considered to be a lower risk than younger drivers, with statistics showing fewer road casualties in this age group compared to those aged 17-24. Due to their cautious driving behavior, older drivers have a reduced likelihood of accidents, resulting in potential cost savings on car insurance premiums. Our data indicates that more than half of individuals over 50 could secure a premium as low as £473, offering a significant financial advantage given the current average annual premium of £924. Additionally, the Department for Transport reported 9,142 road casualties involving drivers aged 50-59 in 2018, compared to 11,400 accidents involving drivers aged 17-24, highlighting the safer driving habits of older individuals.