Most people realize that the cost of vehicle insurance for someone aged under 25 is ridiculously expensive, but do not realize that the same can be true for car drivers aged over 80. Drivers aged 50+ have the best insurance rates as they are 31% less likely to have a car accident, but from the age of 70 they are 13% more likely to be involved in an automobile accident which is why their insurance premiums shoot up after that point.
The right way to keep your insurance rates under control once you reach 70 is of course to compare different products and compare the cost. If you get a good offer from one insurance company invite a few others to match or better that quote most of the time a person will take the bait and give you an improved quote.
Happily, many insurance brokers or companies have started to put together special packages for car drivers over 70 that tend to offer better value for money than those that provide a non-specialized policy. When you hit 70 obtain quotes from these firms before you go to other companies. Usually the price is better and the policy is flexible enough to take care of senior drivers. For example some make provision for your going somewhere deciding you are too worn out to drive and letting another driver take over.
To get the price down try to make certain that you are not paying for things that you no longer use, for example European breakdown cover. A lot of people as they get older no longer bother to drive whilst abroad, so don't need this cover removing it from your policy can get the price down.
If the quotes you are getting for your auto insurance once you are over 70 are too high for you to afford do not give up driving all together instead think about downsizing the auto that you drive. usually the smaller and cheaper the car is the less you will have to pay for insurance.
If you have no claims bonus it is important that you protect it as you get older. One small accident could lead to you having to pay 20% more for your insurance, so it is sometimes worth paying? 30 or so more to get that no claims bonus protected. You may be quite a good driver, but it's a fact that the older you are the more likely you are to have a bump.
