Car insurance like everything else changes when you become a senior citizen. Older drivers often face challenges when they apply for car insurance. Even though seniors tend to get into fewer accidents, most insurance companies have higher insurance rates for seniors.
However, there are many things seniors can do to keep their insurance rates lower, including some rather aggressive steps that many consumers don’t consider first and foremost. Senior citizens should be able to save quite a bit of money on car insurance if they are willing to shop around and go after all the discounts they can find.
Consider changing your insurance company. Many older people have had the same insurer for years and pay too much because they don’t shop around for a better deal. Get quotes from different insurers. There are lots of car insurance companies. In fact, personal lines of insurance, including auto coverage is one of the most competitive industries in the U.S. and they want your business particularly if you have a good driving record. The quotes will show you how much you can save.
If you’re driving fewer miles because you’re no longer commuting to or from work tell your insurance company. Many insurers offer substantial discounts for those who drive fewer miles because they get into fewer accidents.
Look for mature or older driver discounts when you shop for insurance rates. Some insurance companies offer these and they can save you 5% or more on your premium just for switching companies.
One of the best ways for seniors to obtain lower insurance premiums is to take a defensive driving course. Some insurance companies offer a discount for those who take these courses. think it’s too late to learn something new? It never is and seniors who take these courses are often handsomely rewarded. There are special defensive driving courses for seniors in some areas.
Ask about special discounts for seniors. Some insurance companies offer a 55 and retired discount, discounts for retired military personnel and discounts for members of organizations. Also, consider paying your premium once a year. It can be quite a bit cheaper than paying month to month.
Get new car insurance quotes every year. In today’s competitive insurance market premiums are constantly changing. Checking what’s available every year can lead to large savings. Driving cars with crash avoidance features that help seniors such as rear view cameras, collision warning systems and curb detectors can help reduce insurance premiums.
If you drive an older vehicle with a low resale value consider cancelling collision insurance. Collision insurance on a vehicle with a low value can be a waste of money. Put the money in the bank to save up for a replacement instead.
However, there are many things seniors can do to keep their insurance rates lower, including some rather aggressive steps that many consumers don’t consider first and foremost. Senior citizens should be able to save quite a bit of money on car insurance if they are willing to shop around and go after all the discounts they can find.
Consider changing your insurance company. Many older people have had the same insurer for years and pay too much because they don’t shop around for a better deal. Get quotes from different insurers. There are lots of car insurance companies. In fact, personal lines of insurance, including auto coverage is one of the most competitive industries in the U.S. and they want your business particularly if you have a good driving record. The quotes will show you how much you can save.
If you’re driving fewer miles because you’re no longer commuting to or from work tell your insurance company. Many insurers offer substantial discounts for those who drive fewer miles because they get into fewer accidents.
Look for mature or older driver discounts when you shop for insurance rates. Some insurance companies offer these and they can save you 5% or more on your premium just for switching companies.
One of the best ways for seniors to obtain lower insurance premiums is to take a defensive driving course. Some insurance companies offer a discount for those who take these courses. think it’s too late to learn something new? It never is and seniors who take these courses are often handsomely rewarded. There are special defensive driving courses for seniors in some areas.
Ask about special discounts for seniors. Some insurance companies offer a 55 and retired discount, discounts for retired military personnel and discounts for members of organizations. Also, consider paying your premium once a year. It can be quite a bit cheaper than paying month to month.
Get new car insurance quotes every year. In today’s competitive insurance market premiums are constantly changing. Checking what’s available every year can lead to large savings. Driving cars with crash avoidance features that help seniors such as rear view cameras, collision warning systems and curb detectors can help reduce insurance premiums.
If you drive an older vehicle with a low resale value consider cancelling collision insurance. Collision insurance on a vehicle with a low value can be a waste of money. Put the money in the bank to save up for a replacement instead.
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