Freedom of movement is one of the most fundamental rights, and retirement should be a time to enjoy that right to its fullest. But among all the other rising costs, car insurance for those aged 65 and over has risen by 43% in just a year.1
A recent study2 also found that the UK provides the smallest state pension out of eight countries. Those on the highest amount of £11,500 a year still fall £3,000 short of what’s required for a ‘minimum’ standard of living.
People over 65 are living more active lives than ever, and financial pressures mean a growing number are also remaining in the workforce – all of which mean more reliance than ever on a vehicle. But with finite funds already stretched to capacity, it’s essential to keep the cost of driving as low as possible.
There are some tried-and-tested ways to make sure you’re getting the best quote possible, like checking your policy doesn’t auto-renew and shopping around on comparison websites. But many older drivers are already doing everything they can. Better access to telematics insurance could do a lot to reduce car insurance premiums, especially for these experienced drivers who know they drive carefully.
Ticker’s older driver insurance product gives over-65s all the information they need to feel secure on the road, as well as saving money for driving well.
Read more about Ticker older driver insurance or get a quote to see how much you could save.
