The average driver (67%) spends up to £2,999 every year on their car*, according to latest research** from Age UK Enterprises, the commercial services arm of Charity Age UK. While price is the most important factor when choosing a car with one in four (23%) opting for the cheapest, most drivers then spend a significant amount every year running it.
The UK is a nation of car owners with two thirds of all adults owning a car. This increases with age with four out of five (81%) of 55 to 64 year olds owning a car. Men (69%) are only 5% more likely to own a car than women (64%).
The costs of owning a car can account for a significant proportion of annual outgoings, but most drivers fail to do the simple things that could help save money, such as shop around when buying car insurance. Two thirds (63%) admitted staying with their current car insurance provider the last time they renewed their policy. This percentage increases further with age, to 70% for the 60 plus, as older drivers tend to be even more loyal and less likely to shop around for the best deal.
Gordon Morris, Managing Director of Age UK Enterprises, said: “Despite the economic downturn, the UK remains a nation of car owners with those in later life the most likely to have a car whilst spending a significant amount every year maintaining it. While consumers are cautious about price when they buy their car, too often they don’t take action during its lifetime that could save them money.
He continued: “With the cost of running a car soaring every year, we encourage every driver to review what they currently spend on their car, and particularly their insurance cover. Consumers must shop around and ensure they have the information they need to make an informed choice, buying only what provides best value and appropriate cover for their needs. However, they also need to consider that some providers offer low initial prices which then rise sharply on renewal or come with high excess, making the need to shop around even more essential. ”
Age UK is committed to helping older people make the most of their money and the motor insurance product is designed to best meet the needs of those in later life, offer value for money and excellent customer service.
The Age UK Car Insurance has no upper age limit, or hidden fees whilst also offering a no claims discount option. Customers can pay by monthly instalment at no extra cost. In the event of an accident a message relay service is also available meaning a friend of relative can be contacted so they are aware of the customer’s situation. All this helps to ensure that with people living longer and healthier lives adequate motor insurance cover is available to help people enjoy their retirement.
Campaigns & Issues
National Award Scheme Launched
THE ELDERLY Accommodation Council (EAC) National Housing awards for Older People 2013 are now in full swing
This year will be the fourth year that the awards have been held, and they aim to put residents in older peoples housing right at the centre of the assessment and award process.
A new formula for the awards has been launched this year which combine an entertaining nomination process with a Resident Consultation and already it is proving to be a great success.
Top designer and celebrity chefs join Prostate Cancer UK in leading the fight against the disease
Prostate Cancer UK is urging the nation to dust off their vintage tea cups, grab their rolling pins, get baking and hold a 1940s themed Tea For Victory party in order to raise vital funds to help the 250,000 men in the UK living with prostate cancer.
One of Britain's most acclaimed designers and vintage supporters, Wayne Hemingway, has exclusively designed 40s-style materials, including bunting, table cloths and cake stands, available for people to use at their tea parties.
Top class celebrity chefs, including Nigella Lawson, Rick Stein, Levi Roots, Ken Hom, Thane Prince, Jo Pratt, Angela Hartnett and BBC Masterchef winner Mat Follas are also showing their support for Tea For Victory by creating recipes to inspire the nation. People can read these and hear more from the chefs about why they are getting involved, by visiting www.prostatecanceruk.org/tearecipes.
Competitions & Fun
Win a set of Quartet goodies - plus the DVD and Soundtrack!
Discover a warm, fun and bittersweet look at growing old disgracefully, orchestrated by a British ensemble of acting maestros, as the number one UK box office smash hit comedy QUARTET comes to Blu-Ray, DVD and digital download on 6 May 2013.
To celebrate the release, we are offering four lucky winners the chance to win a Quartet merchandise bundle which includes: a DVD, a soundtrack by Decca records, a branded gardening set and 4 packs of plant and vegetable seeds! Each pack of seeds is matched to a character. Varieties include Cayenne pepper, Tomato, Sunflower and Poppy.
Win a prize at home or away in this month's prize draw with Silver Travel Advisor!
Enter now and you could win a prize at home or away! How about a 7 night break for 2, with flights included, in beautiful Slovenia? Or a trip to London’s glitzy theatreland, staying in a 4* hotel? Both fabulous treats which must be won!
Silver Travel Advisor is a friendly website packed with advice, tips, information and honest reviews written by and for silver travellers (aged over 50). A team of advisors are on hand to answer queries (for free), and you can share your own experiences too.
Health & Wellbeing
Active life for a healthier you
Active Life is a collective of friendly, knowledgeable and experienced health and fitness professionals, all of whom share a passion for helping people develop and maintain a healthier lifestyle.
Based in Southend on Sea, Essex, our activities range from gentle yoga, relaxation and pilates to circuit training, exercise to music, keep fit, dance classes, running groups and Nordic walking.
We cater for all abilities, working mainly with Adults aged 50 and over but also tots to teens, mums, dads, and whole family groups.
Property & Finance
New EU Tax Would Hit Millions Of Pensioners And Investors
The EU's controversial Financial Transactions Tax (FTT) would "hit the pensions and investments of millions of hard working people" and would not exclusively target "so-called City fat cats," warns the boss of the world's largest independent financial advisory firm.
Leisure and Lifestyle
Take the 20p test for safe motoring
Most UK motorists are pretty clueless when it comes to tyre tread safety, a new survey has revealed.
The vast majority of motorists are simply unaware of the absolute minimum legal tyre tread depth for their cars or vans.
In a new nationwide survey by the breakdown service Autonational Rescue, just 38% of motorists knew that the correct minimum legal tyre tread depth is in fact 1.6 millimetres.
Flying the flag for the best English beaches
Keep Britain Tidy names England’s 147 award-winning beaches for 2013
From Whitley Bay to Clacton, Margate to Torbay, England boasts some of the best and cleanest beaches in the world.
Today, Keep Britain Tidy is announcing the winners of the 2013 Blue Flag and Seaside Awards. In total 55 beaches have gained the Blue Flag and 113 have picked up the new Seaside Award (formerly Quality Coast Award).
Have you noticed that that those advocating rises in pension levels to absurd levels like this are all very much younger and have no experience of the ageing process?