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Over 50s Car Insurance
Discounted Saga Insurance For The Over 50s Driver
Over 50s Insurance Offers
While historically the over 50 year old driver insurance market had been somewhat neglected, a number of elements have come together to suddenly bring this group of drivers to the attention of the mass again. While there is the obvious improvements in medical care over the last 50 years, which have seen life expectancy increase, recent figures show that over 30% of the UK working population are over 50 years of age. This has opened a potentially lucrative UK car insurance market for divers over 50 years of age.
Some of the more recent studies into driver patterns have shown the over 50s driver to be one of the more careful in the whole sector. While the figures do change somewhat for the over 80s driver market, the over 50s car insurance market is going through something of a boom time at the moment. This as you might expect has resulted in the formation of a number of UK car insurance companies being created to service this market - lower risk groups are the holy grail of any insurance market.
While the SAGA Group over 50s car insurance business is the main company in this market, the likes of Endsleigh Insurance, Castle Cover and Privilege are still very much in with a shout. Breakdown cover for the over 50s has become something which is often associated with a traditional car insurance policy, and the emergence of the so called 'grey pound' has seen many online car insurance companies benefitting not only from an increased number of drivers, but also the increased number of over 50s surfing the internet. Third party fire and theft, 3rd party cover and fully comprehensive insurance are all very much part of the insurance deals on offer to the over 50s.
Over 50s Car Insurance From The Endsleigh Ins Company
It's Our Privilege To Offer the Over 50s Car Ins
The History of Over 50s Insurance
As we mentioned above the over 50s car insurance market was fairly non-existent as a separate entity until just recently. The increase in the number of older drivers, and the lower degree of risk associated with them, has opened something of a niche market in the online UK car insurance market. The new breed of car insurers for this market, with the likes of SAGA taking centre stage, have been more than able to substantially reduce the average premiums for drivers aged over 50 due to the risk factors.
While we have seen some wild swings in the risks associated with an array of younger driver groups, the over 50s driver range group have become more careful if anything thereby reducing the risk still further. The insurance risk factor associated with this age group may surprise many who had considered them to be fairly high risk.
Even though the history of this sector is dominated by the likes of SAGA, who cover a vast array of aspects associated with the over 50s, we have seen the emergence of other sin the sector. However, due in the main to the massive membership base of the SAGA Group it can often be very difficult for other groups to dictate the same car insurance terms due to the level of business which SAGA can provide.
Over 50s Car Insurance Providers
The main car insurance providers for the over 50s include SAGA (www.saga.co.uk), Endsleigh Insurance (www.endsleigh.co.uk), Privilege Insurance (www.privilege.com) and Castle Cover (www.castlecover.co.uk) who between them have taken up the majority of the over 50s online car insurance market. As you would expect from such a prominent exposure to such a lucrative area of the insurance market, they also provide the more traditional insurance services for the over 50s, including life cover, travel cover, medical cover, pet cover and home cover.
The so called grey pound has really increased in value over the last 10 years with more and more over 50s very active online, enjoying longer working careers and very active in their social lives. They have very much become a force to be reckoned with and a number of business sectors such as the online car insurance market have been very quick to note this.