Auto insurance is required by law in most states. Its purpose is to protect drivers from the cost of damages to the parties involved. It is our responsibility to find the minimal coverage required by the state in which we live. There is an abundant amount of insurance companies to choose from. Although overwhelming at times, doing a little research to find the right auto insurance can save a lot money and time in the long run.
Coverage itself is the same from person to person no matter what age. For example, comprehensive auto insurance for seniors will have the same options as comprehensive insurance for teens. However, prices on car insurance for seniors will vary and specific discounts may apply.
Car Insurance for Seniors Basics
Insurance companies look at many factors for each individual to evaluate their premiums. They look at age, experience, and driving history. If you are younger than 25 you are considered a higher risk therefore your premiums will be higher. If you are seeking senior citizen auto insurance, that insurance wouldn’t be considered high-risk unless the senior shows high-risk driving behavior such as multiple accidents. However, with any company consumers must protect themselves and compare their options. If you feel you are being overcharged or scammed, don’t hesitate to walk away. Don’t presume that since you are a senior your premiums will be higher. There are many more options available to you.
Also, you can be denied insurance at any age if there is a DUI or multiple at-fault auto claims on your record.
As a consumer we want the best deal and at the same time want to feel satisfied with the company we have chosen. When searching for products like auto insurance for seniors we want to expand our knowledge as a consumers regarding out choices and what it is that we need to be aware of.
If you are looking for car insurance for seniors, ask yourself:
- What are the different types of insurance available?
- What type of insurance do I need?
- What is the trend as far as prices for the type of insurance I want?
- Are there any discounts I can receive for my product?
- Which companies offer the best discounts for my age group?
- Which companies offer reasonable premiums before discounts?
Insurance premiums can be costly; however there are many discounts available by various insurance companies. Discounts can save you hundreds of dollars a year so they should not be overlooked. For example, teens can receive a discount for their good academic record. The same goes for senior citizen auto insurance. There are age-specific discounts to look for and take advantage off. Not all companies will have the same discounts, or a discount may be over looked.
Discounts on Car Insurance for Seniors
Mature driver discounts: If you are seeking auto insurance for seniors, keep in mind, the age in which you can receive a mature driver discount. Some companies offer this discount as low as 50 years of age. So if you are in that age bracket keep that in the back of your head each year you renew your auto insurance. The mature driver discount is a discount given for your years of experienced driving.
Senior safety driver course discounts: If you take and pass an approved defensive driving course it shows you are safe driver and are not a liability to the insurance company. This will give you an opportunity to receive senior auto insurance discounts.
Senior membership discounts: The American Association of Retired Persons (AARP) is an organization that some insurance companies give discounts too. So if you are a member of AARP let the representative know.
Retired military discounts: Just as an active duty military member can receive an auto discount the same goes for a retired military person. If you are seeking senior insurance or if you are helping a loved one get their senior citizen car insurance, be sure to present proof your loved one is a retired military member as discounts may apply.
Other discounts that are not related to age should be taken into consideration:
- Multi Policy Discount
- Multi Vehicle Discount
- Low Mileage on Your Vehicle
- Affiliate Discount (Costco, AAA, Teachers Association)
- Auto Safety Devices (Air Bags, Anti-Lock Brakes, and Anti-Theft Devices)
- Good Driving History (No Traffic Tickets or Accidents)
You may not be able to receive all the discounts outlined and they may not be available at every insurance company. This is why inquiring into several companies and comparing your senior citizen car insurance quotes is an important step. Even though it is our responsibility to have insurance on our vehicles, we can choose which policy we are most comfortable with.