Older drivers can lower insurance by reducing mileage

Drivers over 70 can reduce their car insurance costs by changing their average mileage. Experts say that insurers look closely at how much people drive when determining premiums. The more time spent on the road, the higher the risk of accidents. Many older drivers, especially those who are retired, tend to drive less. The average annual mileage for drivers over 70 is about 1,665 miles, which is about 28% less than for younger drivers. This lower mileage can result in lower insurance rates. Insurance companies, like Aviva, indicate that if older drivers drive less, they may be seen as less of a risk. This can cause insurance providers to lower premiums. With around five million licensed drivers over 70 in the UK, it is important for these drivers to inform their insurers about any changes in their driving habits. Companies like Cuvva suggest notifying insurers regularly if mileage decreases, as this may lead to discounts or refunds. For those who do not drive often, considering limited mileage car insurance could be beneficial. These policies often offer savings for staying within a set mileage limit.