RIAS insurance tips given for the over-50s

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RIAS insurance tips given for the over-50s

Fri 12th Sep 2008

Insurance provider RIAS has offered advice on how to cut costs for cover without compromising on quality.

According to RIAS, specialist insurers can offer a better deal for people who fall into a particular category or face a specific risk.

RIAS insurance specialises for people over 50, which it says means it can respond to the "enormous difference in the claims history and driving patterns" of such people compared with 25-year-olds.

It also noted that over-50s specialists do not impose age limits and can cover older drivers who might have been automatically refused insurance elsewhere.

RIAS advised people to shop around, comparing deals carefully on the basis of cover provided, not just cost, and to be wary of headline-grabbing discounts that might not be beneficial in the long-term.

The British Insurance Brokers Association recently said that drivers pay approximately £30 a year more on their car insurance to provide protection against victims of motorists without cover.

It said the potential existed for the amount to be reduced but noted that claims inflation alone is at eight per cent.

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