The last figures from the British Insurance
Premium shop that the broker's benchmark Shoparound was showing that the average car insurance in the UK was £921
at the end of September 2011. The good news though is the figures show that the cost of car insurance was dropping for those
over fifty.
Insurance companies like insuring the cars of the over fifties
as they tend to make few claims as they are safer and less reckless than their younger counterparts and often have built up
a no claims history that they do not want to lose. Those over fifty often also garage their cars at night
and live in areas where claims are less and keep their cars regularly maintained. This all helps to give them lower and cheaper
car insurance than younger drivers.
Types of Car Insurance -
Comprehensive car insurance - covers
accidental damage caused to your car as well as damage and/or injury you cause to another vehicle or its driver in an accident.
It also covers your car if it's damaged by fire or stolen and not recovered.
Third Party
Fire and Theft car insurance - Covers damage or injury you cause to another vehicle and/or its driver. It also covers loss
of or damage to your car through fire or theft. However, it doesn't cover your own vehicle if it's damaged in an accident.
Third Party only car insurance - Covers damage or injury you cause to another vehicle and/or
its driver - but it doesn't cover damage to, or loss of, your vehicle.
LV
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With up to 75% no claim discount isn't it time you found out how much you
could save?
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John Lewis
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Those over fifty can reap the rewards of careful driving as John Lewsi offer a No Claims Discount
of up to 75% and in most cases they will also give you the option of protecting it.
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Saga
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Saga Car Insurance is designed for drivers aged 50 and over. Their comprehensive cover is available from
just £156 a year.
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