Seriously. If you’re over 50 you may have noticed ads for car insurance for 50 years olds. When you see cheap car insurance for over 50s advertised you think you’re going to get cheap car insurance. When it comes to cheap car insurance women – who were previously targeted – will tell you insurers seemed to just want their low risk business and the quotes weren’t that cheap so they still had to shop around.
That’s problem number one.
Problem number two is being over 50 and insuring a small car.
Problem number three is being over 50 and insuring an MPV.
Problem number four is being over 50 and insuring a Crossover, SUV or 4×4.
Problem number five is frustration.
It’s worth looking into because you could save the equivalent of 3-months state pension, even five months.
It sounds unbelievable a driver over 50 would have problems insuring a small car. The problem with insuring small cars is the new car insurance groups 1-50 have widened the range of premiums that can be quoted. In some cases small cars that were group 2 under the old system are now group 8, not 4 as expected. Plus some small engines are now more powerful pushing them further up the group ratings. This all means motorists over 50 not only has to calculate if they are getting value for being a low risk driver, they have to be very careful which small car to go for based on insurance groups.
The problem is worse with Crossovers, SUVs and 4x4s because the variations for sale have expanded with new crossovers and premium brand entrants and therefore the range of premiums has increased. This sector has retail prices ranging from £15000 to over £75000 with various dimensions and engines. The problem is becoming similar for MPVs.
Knowing which car insurance to go for is further confused by various promotions, packages, premiums and different car insurance companies.
This all calls for some serious comparisons to be made which brings me to the last problem – frustration – and the tendency to take the first quote you think suffices. I know what it’s like. I qualify for car insurance for the over 60s. I get very frustrated not being able to talk to people and when I do they have english as a second language and are reading a script. It’s like talking to a wall. Did you know some supposed customer service departments are internally referred to as shield teams. It gets more frustrating filling in online forms with the same information. I feel like I’m doing their job for them and they’re robbing my time.
However it is worth shopping around because of the huge range of quotes available and the huge savings to be made. Car insurance is one cost where you make savings.
All you need is:
- all your personal and car information in front of you
- remember they are free quotes so get as many as possible
- note what you get for your money
- make comparisons in a table not on the back of an envelope
- have a big list of car insurance companies
- shop directly before using car comparison sites
It’s no fun, it’s frustrating but keep going with an eye on saving big money. Don’t take the first quote that seems OK. A car insurance quote can be half the highest quote BUT there are cheap car insurance quotes a quarter of the top price.
Regards
Ralph
carbuyersinfo.co.uk Car Comparisons to help you find the right car for your purpose and purse.
