Motor Insurance for the Mature Driver

Mature drivers tend to be rewarded by insurance companies for their road experience lower Motor Insurance premiums. Not all companies will reward this expertise to the same level and therefore it is likely that you will save money if you shop around and find a specialist insurer for this segment of the population.

Even mature drivers have seen premium increases in recent years. This is not because they are becoming any higher a risk, but because if they do claim, the average claim cost has increased.

Consider if the average claims ratio for a mature driver is 1 in 10 years and the average claim costs £1500 to resolve then £150 would be the yearly "risk fee". If an average claim cost escalates to £2500 then there's a subsequent increase in costs to be paid, despite the risk of an accident still being 1 in 10.

With personal injury claims becoming more prevalent it is easy to see why premiums are on the rise!

The only solution is to shop around.

YourMotorInsurance will search a panel of insurers for Motor Insurance for the mature driver. Click the quote buttons to get a competitive insurance quote in a matter of seconds