Increased insurance costs for elderly drivers in Northern Ireland, according to CompareNI.
In the face of rising costs, older drivers in Northern Ireland can take action to lower their car insurance premiums. According to CompareNI, a key strategy is to reduce mileage. This can lead to cheaper premiums as insurers view drivers who spend less time on the road as lower risk.
This advice is particularly relevant given that Northern Ireland is one of the most expensive UK regions for older drivers, with those over 65 paying around £478-£479 annually on average.
Taking out a low mileage or telematics (black box) policy can further demonstrate safer driving habits, potentially leading to even more savings.
A survey conducted by CompareNI.com revealed that 71% of drivers in Northern Ireland believe their car insurance is more expensive now than this time last year. The cost-of-living crisis has caused 25% of all drivers in Northern Ireland to reconsider driving due to high insurance prices, with 35% considering giving up driving altogether.
The survey also found that 82% of people in Northern Ireland said their car insurance premiums have increased during the cost-of-living crisis. Shopping around for a better deal before auto-renewal is recommended to secure the most competitive rates.
Moreover, paying car insurance annually instead of monthly can help avoid additional costs from interest charges. Drivers can save between 33-45% on car insurance premiums when they renew 15-24 days before the due date.
It's also worth noting that insurers may view drivers who park their cars in safer places as lower risk, potentially leading to cheaper premiums. However, this was not a specific tip highlighted by CompareNI.
In other related news, the latest data from CompareNI shows that males in Northern Ireland account for 8 out of 10 motoring offenses detected between December 2023 and November 2024. This fact underscores the importance of safe driving practices for all drivers, regardless of age or gender.
In conclusion, by reducing mileage, shopping around for better deals, and paying insurance annually, older drivers in Northern Ireland can take proactive steps to lower their car insurance costs during these challenging times.
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