You are using an outdated browser. Please upgrade your browser to improve your experience.

Top answers to your over 50 car insurance questions

What drivers over 50 want to know

What is over 50 car insurance?

Over 50s car insurance is simply motor insurance designed with older drivers in mind. It is a contract between you and the insurer, which protects you against financial loss as a result of driving-related damage or injury. You agree to pay the premium and in return, the insurer agrees to pay your losses as defined in your policy.

Are there different levels of cover?

There are three different levels of cover available - third party, third party fire and theft and fully comprehensive.

Third party is the most basic level of cover and is the bare minimum required by law. It only covers your liability to others e.g. passengers in your car or damage that your car causes to someone else’s property. This means that if you cause a road accident and someone else is injured or their car in damaged, your third-party policy will cover:

  • Damage to other vehicles
  • Injury to other people and animals
  • Damage to property

Any damage to your own car, or any injuries that you sustain are not covered and you will need to cover these costs yourself.

Third party fire and theft policies have the same benefits as a third party policy but with a few extra benefits. The policy will offer extra protection for your car if it is stolen or if it catches fire. This policy may also cover damage caused by an attempted theft.

Fully comprehensive cover gives you all the benefits of third party, fire and theft, as well as a few extras. This policy will cover damage to your own car, even if an accident is deemed to be your fault. Different insurers will offer other benefits with your policy.

Man breaking the front passenger window of a car.

Why do I need to insure my car?

Insuring your car is a legal requirement in the UK. The Road Traffic Act 1988 states that motorists must have insurance to protect their liability to other people and vehicles i.e. a minimum of third party cover. Without car insurance you won’t be able to tax your car, which is also a legal requirement for any car that is used on the road.

Why is over 50s car insurance often cheaper?

One of the main factors for calculating car insurance premiums is age. Statistics from the Association of British Insurers show that drivers aged 50-69 make fewer claims than younger drivers. For this reason, careful drivers in this age group, with a good track record on the road, are often rewarded with lower premiums on their car insurance.

Are cheaper premiums for the over 50s guaranteed?

There are no guarantees. However, if you’re aged between 50 and 69 and have a good driving history, car insurance for the over 50s may be cheaper.

There are many factors that can push up the price of car insurance at any age, such as driving an expensive car, living in a high crime area, a bad claims history and driving convictions. Also, as you get older, premiums usually start to rise again as statistics show the average cost of a claim is higher for drivers over 70.

How is my premium calculated?

Insurers consider a range of things when calculating your premium. The main personal elements considered are:

  • Age and experience of the driver
  • Type of car you drive
  • Where the car is kept
  • Where you live
  • What you use your car for
  • Your claims history
  • Age and claims history of any additional drivers named on your insurance

A residential road with cars parked off road outside houses.

Is it cheaper to pay annually or monthly?

Paying annually usually works out cheaper than paying your premiums in monthly instalments. This is because monthly instalments can incur interest charges. Always check payment terms as they vary between insurance providers.

What can I do to lower my premium?

There are several things you can do to try and reduce your premium, such as taking additional security measures, driving a more modest car, limiting your mileage and increasing the voluntary excess you’re willing to pay in the event of a claim.

Why bother with fully comprehensive car insurance?

With comprehensive cover, you can claim for accidents that are your fault as well as incidents where the person at fault can’t be proven. For example, if you discover your car has been damaged but no one witnessed the incident.

If you don’t have fully comprehensive insurance, you risk having to pay for repairing any damage to your vehicle yourself and may even have to fund the purchase of new car if yours was written off by your insurance company.

Woman on mobile phone reporting an accident.

What is a no claims discount?

A no-claims discount, also called a no-claims bonus (NCB), is a tally of the total number of years you haven’t claimed on your policy. Or, you’ve made a claim but your insurer was able to recover the full cost of the claim for the other party involved.

Why is my no claims discount so important?

The value of your no claims discount varies between insurers, but a no claims history of five years or more will usually get you a significant discount on your car insurance premium.

You have the option to protect your no claims bonus by paying extra on your premium.

How can I find out how much no claims bonus I have?

Your most recent renewal notice will indicate how many years no claims you've earned to date. Alternatively, you can ask your current insurer.

Does the policy cover driving abroad?

SunLife’s comprehensive car insurance includes up to 90 days travel within the EU as standard.

Rows of cars and lorries on a ferry.

What if I’m hit by an uninsured driver?

SunLife’s fully comprehensive car insurance comes with an Uninsured Driver Promise. If you’re hit by an uninsured driver, the excess you would have to pay as part of your claim would be refunded to you. You can also pay to protect your no claims bonus so your no claims history will not be affected.

Can I add extra protection to my policy?

Yes, with SunLife car insurance you can pay to add any of the following options to your policy:

  • Breakdown cover
  • Guaranteed replacement car
  • No claims discount protection
  • Motor legal protection
  • Key care

Before deciding what extra protection to add to your policy, it’s worth checking you don't already have sufficient cover from another source e.g. your bank.

SunLife offers a range of straightforward and affordable products including over 50s life insurance, funeral plans, life insurance, pet insurance, home insurance, car insurance, ISAs and Will writing services.

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife? 

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). Phoenix Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is entered on the Financial Services Register (registration no. 110418). As part of SunLife’s commitment to quality service and security, telephone calls may be recorded.

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan the funeral services are arranged and provided by Dignity Funerals Limited. Dignity Funerals Limited is a company registered in England and Wales No. 00041598. VAT registered No. 486 6081 14. 4 King Edwards Court, King Edwards Square, Sutton Coldfield, West Midlands, B73 6AP. Telephone No. 0121 354 1557. Fax No. 0121 355 808. Part of Dignity plc. A British Company. Dignity are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority but are registered providers with the Funeral Planning Authority.

Who provides the Funeral Plans?

The funeral services are arranged by a funeral director selected by Golden Charter Ltd. Golden Charter Ltd are not required to be authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority in relation to funeral plans but are registered providers with the Funeral Planning Authority.

If you choose to pay for your funeral in one go, with a single payment, you will have a contract with Golden Charter. The funeral services will be arranged by a funeral director selected by Golden Charter Ltd.

If you choose to pay for your funeral with a life insurance policy, the policy will be provided by Phoenix Life Limited, trading as SunLife. The funeral services will be arranged by a funeral director selected by Golden Charter Ltd.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides Family Life Insurance?

SunLife Family Life Insurance is provided by Scottish Friendly Assurance Society Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Details can be found on the Financial Services register (registration number 110002). Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ. 

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.