Why do pensioners get discounts on their home and contents policies

Pensioners enjoy discounts on a wide variety of purchases, including many types of insurance. The discount on home and contents policies is usually five to ten percent, and companies offer discounts for a variety of reasons. One is because such discounts are a somewhat traditional perk of age. Another is because pensioners typically live on a lower income and tighter budget than other age groups.
However, the primary reason pensioners are granted discounts for home and contents insurance is because there is less risk to the insurance companies. Statistically, older people tend to be more careful with their belongings and take more measures to reduce risk: they install security systems, they make certain their smoke detectors are working properly, etc. When risk is reduced, insurance companies respond with lower premiums.