Car insurance for seniors and pensioners

ELISE DONALDSON

Are you over 60 and looking to take out comprehensive car insurance or review your current policy? To help you find cover that is right for you, Canstar weighs up the costs and features of a range of comprehensive car insurance policies on its database to reveal top-rated policies for seniors.

Do you pay more for car insurance if you are an older driver?

The premiums you pay for your car insurance can depend on a range of factors, including your age, vehicle type, location and driving history. Typically the older you get, the less you pay in premiums, as younger drivers are statistically more likely to be involved in an accident and make a claim. For example, according to the Transport and Accident Commission of Victoria, in their first year of driving, young drivers in the state are almost four times more likely to be involved in a fatal or serious injury crash than more experienced drivers. However, car insurance can start becoming more expensive for drivers over the age of 60. People in this age group are statistically more prone to suffering from health problems that could affect driving ability, such as impaired hearing and vision, slower reaction times and sudden heart or brain issues. This means insurance companies may spend more on claims for older drivers, and thus charge higher premiums as a result.

On the other hand, there are a range of discounts that could be available to older drivers, such as Seniors Card scheme participant perks, driving record rewards, no-claim bonuses, and other provider-specific programs. It might also pay to discuss with your insurer where you car is parked and how much you are driving it, as this could also result in a lower premium in some cases.

While price is an important factor in selecting a car insurance policy, it isn’t usually wise to choose a policy simply because it offers the cheapest annual premium. It can be a good idea to read the product disclosure statement (PDS) of any insurance product you are considering to understand the cover on offer and whether it will meet your needs.


Car insurance policies for seniors on Canstar’s database

To find the best seniors car insurance to suit your circumstance, it could be a good idea to compare policies. Each state and territory in Australia differs slightly when it comes to car insurance offerings. For this reason, we have put together a list of some of the top-rated car insurance policies on Canstar’s database for each state and territory (sorted alphabetically) to help you find a policy that may suit your needs as a senior driver.

Australian Capital Territory

The comparison table below displays some of the policies currently available on Canstar’s database for 60+ year old driver seeking cover in the Australian Capital Territory without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

New South Wales

The comparison table below displays some of the policies currently available on Canstar’s database for 60+ year old driver seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Queensland

The comparison table below displays some of the policies currently available on Canstar’s database for 60+ year old driver seeking cover in Queensland without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

South Australia

The comparison table below displays some of the policies currently available on Canstar’s database for 60+ year old driver seeking cover in South Australia without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Tasmania

The comparison table below displays some of the policies currently available on Canstar’s database for 60+ year old driver seeking cover in Tasmania without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Victoria

The comparison table below displays some of the policies currently available on Canstar’s database for 60+ year old driver seeking cover in Victoria without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.