Pensioners warned of 'increase' in car insurance fees after they hit certain age

Experts say older drivers could notice an "increase" in an annual bill once they reach one milestone. At a certain age you might see your car insurance costs go up - so be prepared.

Ian Wilson, a car insurance specialist and Managing Director of Tiger.co.uk, highlighted that motorists in their mid-to-late 70s might face higher charges. This means drivers celebrating their 75th to 79th birthdays in 2025 could be hit with increased costs to keep their vehicles on the road.

The news could be a setback for drivers already struggling with hefty insurance bills to stay behind the wheel. As reported by Express.co.uk, older drivers and pensioners in their 60s usually benefit from some of the most affordable rates, but fees tend to escalate once motorists reach their late 70s due to safety concerns.

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Ian explained: "Older drivers are typically considered one of the safest age groups, which is why the over-65 category enjoys the cheapest premiums. However, as drivers approach mid to late 70s, they often see their premiums start to increase, as accidents at that age can be more frequent and injuries could be more severe."

Motorists between the ages of 86 and 90 have the second-highest average claim cost on the road, just below younger drivers aged 18-20 years old. Drivers aged above 91 are the third highest, underlining how older drivers can be viewed as more of a risk to insurance companies.

Research from Which?reveals that motorists aged between 75 and 84 face annual car insurance costs of £417, a significant rise from the £336 paid by those between 65 and 74. Budget Insurance suggested that multiple factors drive up car insurance premiums in later years.

Elevated claim costs and heightened accident risks rank among the most significant, whilst health concerns also play a substantial role.

Budget Insurancenoted that age-related health conditions, including declining vision or reduced reaction speeds, can make driving more dangerous.

Age UK added: "Car insurance costs are calculated based around risks and the likelihood of a claim being made.

"While older drivers have lots of road experience, they also tend to face more health challenges that can affect their driving. This increases the risk of being involved in an accident and therefore increases the price of insurance too."