Advice for the over 50’s car and household insurance

Here are some guidelines to help you to cut the cost of your car and household insurance whilst still ensuring a high quality policy.

Always check with a local broker, it may seem old fashioned but they can still offer a better rate.

A low or zero no claims history will show you in a lower risk for both car and household insurance.

Look out for over 50’s specialist companies as these may offer special deals to help save you money.

For car insurance, if you do a lower annual mileage then this can help with your insurance costs, as you will pay less than someone who drives double the distance? Agreeing to a limited mileage is an effective money saving choice.

One of the lowest risk policies that equate to an experienced driver saving money is to co-insure with a spouse/partner, so a joint policy may work out best for you.

Small choices you make for car insurance in terms of payment method and excess will dramatically alter your premium cost; if you opt to pay annually there will be no additional interest fees and if you choose to pay a higher voluntary excess in the result of a claim your policy cost will be lower.

For household insurance specify what you believe your household contents to be worth, not just what you were covered for previously, as they may have decreased or increased in value. As well as this, single items do not fall under the blanket of contents and so you will need to find out if the insurance company can cover them.

If there has been any history of flooding or subsidence, even prior to when you moved in, you have to inform a potential insurance company of this otherwise your policy could become invalid.

Finally, if you buy car and home cover from the same provider you tend to get a discount, saving additional expense and creating a simpler process for when it comes to renewing, although it usually pays to shop around.

Make sure you compare car insurance to get the very best deals around.