Personal finance comparison website helps Over 50s save money on their car insurance

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Over50choices announces new blog ‘Quick guide to cheaper car insurance’.

Over 50s Car Insurance

Over 50s Car Insurance

It’s a sad fact that in general customers are still not getting any benefit for remaining loyal to companies

Over50choices has released a new blog aimed at helping people over the age of 50 save money on their car insurance.

In addition to offering a new car insurance comparison service that lets visitors to the site compare and buy cheaper car insurance, the web based business also provides guides and tips on how to reduce annual costs.

Speaking from personal experience, company director Ashley Shepherd explains that there are three golden rules when it comes to choosing or renewing any type of insurance product:

1.    Always shop around
2.    Never assume an existing provider will offer the best discount for customer loyalty
3.    Look online for the best deals

“It’s a sad fact that in general customers are still not getting any benefit for remaining loyal to companies. When it comes to renewing your car insurance cover or any other type of insurance product for that matter, you can often get a better deal online than the price your existing provider is offering you, sometimes even with your existing provider. Shopping around and comparing car insurance prices using a price comparison site like ours is a must and the only way you can be sure you are not paying over the odds”.

Ashley goes on to explain how consumers can reduce future car insurance prices by:

  •     Protecting their no claims bonus
  •     Altering the excess – paying a higher excess reduces the total cost of the cover
  •     Paying in full avoiding additional direct debit charges
  •     Giving accurate mileage – car insurance is usually cheaper for those who drive fewer miles

A ‘No Claims Bonus’ is the discount given to drivers as a result of not making a claim. The discount builds up over the years but ultimately can reduce costs by around 60%.

In addition to providing information and price comparisons on car insurance, the website also provides help for Over 50s looking for home insurance, travel and pet insurance, income protection, health insurance, life insurance and funeral plans. They will also be adding retirement products to their range over the coming weeks.

For more information on car insurance or any of the other products mentioned, visit Over50choices.

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Ashley Shepherd
since: 04/2011
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