Major boost for UK older drivers over 65 - £116 saving

Older drivers above the age of 65 are set to save on their annual car insurance costs as average premiums fall across the board. According to new data from Compare the Market seen exclusively by Express.co.uk, average car insurance costs have declined by £122 over the past year.

The 16% drop over the last 12 months puts the average car insurance premium at £607 per annum, with elderly road users among the most affected. Drivers aged 65 and older have noticed the biggest drops, with those over 80 experiencing the largest decrease nationwide.

Reducing annual fees is a major boost and could help cash-strapped pensioners who may be struggling to stay on the roads. Data from Compare the Market shows road users between 65 and 79 now pay £41 less for cover, with prices down from £370 to £329 over 12 months.

Costs have also dropped dramatically over the past two years, with fees down from the £428 average recorded in December 2023. Meanwhile, over-80s will save a whopping £116 with annual rates ranging from £627 to £511 as of December 2025.

This was also down on the £688 fee recorded back in 2023, a whopping £177 decrease in 24 months.

Speaking to Express.co.uk, Sam Wilson, spokesperson for Compare the Market, comments: "After a prolonged period of sharp increases, it's encouraging to see car insurance premiums continuing to fall, with drivers now paying some of the lowest prices we've seen in over two years.

"Lower inflation, easing repair and labour costs, and a reduction in motor claims could all be helping to reduce premiums, and those savings are starting to benefit motorists."

Older motorists were not the only demographic to benefit from lower fees, with younger motorists up to the age of 24 also noticing prices drop from £1,577 to £1,312 per annum.

Last week, Martin Lewis revealed car insurance fees had fallen by as much as 11% over the past year, with annual bills on the decline since their peak back in October 2023.

Sam added: "Although prices are continuing to reduce, now is a good time for drivers to be proactive when it comes to renewal. Shopping around and comparing policies could still make a big difference in making further savings, as more than half of drivers could save hundreds of pounds by switching through Compare the Market rather than auto-renewing."