Older drivers above the age of 70 can make drastic cuts to their car insurance bills

 by following a simple change, according to experts. Elderly road users could slice the cost of monthly or annual car insurance premiums by simply reducing their average mileage.

How much road users are getting behind the wheel is one of the most important factors weighed by insurance companies. The longer individuals are on the road, the higher the perceived risk of having an incident and making a claim. Motorists who use their vehicle to get to work are likely to use up more than those who have retired so average mileage should be adjusted to reflect that. 

Go Compare explained: “If you do not use your car often and no longer commute, you’re less of a risk. So let your insurer know your annual mileage.”

According to Taking Care Personal Alarms

, the average annual mileage for drivers above the age of 70 is 1,665 miles.

This is around 28% lower than the average mileage for drivers across all other age groups.

Insurance experts at Aviva added: “Your mileage can affect your car insurance premiums. If you drive less, some insurers may consider you less likely to have an accident.

“This means, your insurance provider might view you as a low-risk driver and you may pay less for your car insurance.”

In the UK, it is estimated that there are around five million drivers with a valid licence above the age of 70.

Motoring experts at Cuvva stressed driving less can save money as long as insurers are aware.

They encouraged road users to make sure to contact insurers and let them know of any change to circumstances as soon as possible.

Cuvva commented: “You should also update your insurer if you’re driving less than expected because they could lower your insurance price and in some cases offer you a refund.

“It may be worth considering limited mileage car insurance if you don’t drive regularly.

“For some policies, you’ll get a set mileage limit and will earn discounts or rewards if you stick to your allowance.”