Major boost for UK older drivers over 65 – £116 | Tech News
Older drivers above the age of 65 are set to save lots of on their annual car insurance coverage prices as average premiums fall throughout the board. According to new information from Compare the Market seen completely by Express.co.uk, average car insurance coverage prices have declined by £122 over the previous yr.
The 16% drop over the final 12 months places the average car insurance coverage premium at £607 every year, with aged street customers among the many most affected. Drivers aged 65 and older have observed the largest drops, with these over 80 experiencing the biggest lower nationwide.
Reducing annual charges is a main boost and will (*65*) money-strapped pensioners who could also be struggling to remain on the roads. Data from Compare the Market reveals street customers between 65 and 79 now pay £41 much less for cowl, with costs down from £370 to £329 over 12 months.
Costs have additionally dropped dramatically over the previous two years, with charges down from the £428 average recorded in December 2023. Meanwhile, over-80s will save a whopping £116 with annual charges starting from £627 to £511 as of December 2025.
This was additionally down on the £688 charge recorded back in 2023, a whopping £177 lower in 24 months.
Speaking to Express.co.uk, Sam Wilson, spokesperson for Compare the Market, feedback: “After a prolonged period of sharp increases, it’s encouraging to see car insurance premiums continuing to fall, with drivers now paying some of the lowest prices we’ve seen in over two years.
“Lower inflation, easing repair and labour costs, and a reduction in motor claims could all be helping to reduce premiums, and those savings are starting to benefit motorists.”
Older motorists were not the only demographic to benefit from lower fees, with younger motorists up to the age of 24 also noticing prices drop from £1,577 to £1,312 per annum.
Sam added: “Although prices are continuing to reduce, now is a good time for drivers to be proactive when it comes to renewal. Shopping around and comparing policies could still make a big difference in making further savings, as more than half of drivers could save hundreds of pounds by switching through Compare the Market rather than auto-renewing.”
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