With age comes wisdom and sometimes automobile insurance discounts. Statistically speaking, senior citizens are less likely to be involved in automobile accidents, and thus often qualify for automatic discounts after the age of 55.
Once you start approaching your golden years, it’s time to start cashing in on some of the senior discounts that might be available to you. When you’re shopping around for automobile insurance, the agent will most likely ask you your age, but that does not mean that they are automatically giving you a senior discount. Be sure to ask for it specifically.
It’s a good idea to sit down with your insurance agent to review or coverage from time to time. A good agent will review your plan and recommend changes so that you can take advantage of any available discounts while getting the most coverage for your dollar. The average senior can get somewhere between 4% and 10% off the liability and collision portions of their insurance policy. You can get additional discounts by combining your auto policy with your homeowners insurance.
Many senior citizens are at a bit of a disadvantage when it comes to finding insurance discounts, because they don’t make full use of today’s technology. There are dozens of ways to save money on car insurance if you are web savvy and know what you’re looking for.
For example, you may be eligible for discounts on insurance because you’re retired, or because you belong to a certain fraternal organization, or where you used to work, still offers discounts to its retired employees. Consider joining groups like the AARP to take advantage of their group discounts. By signing up for a defensive driving class, you can also save money every year on your policy. Generally these classes will pay for themselves in insurance premium savings.
Of course all good things must come to an end, and once the driver’s eyesight and reflexes slow down due to the effects of aging hanging up the car keys for good might be the best plan of all. Before driving becomes a senior safety issue be sure to have your eyesight checked and that your health is good enough to be driving, especially long distances. If you or an elderly loved one have had a number of minor car accidents, or find that you’re getting lost more than usual, it might be time to get your driving skills assessed. For more information on how to assess a senior’s driving skills, visit the National Highway Traffic Safety Administration.
To make sure you stay safe on the roads get an up-to-date GPS system. Always take the time to get familiar with any new equipment before you set out on the road. If you require eyeglasses to drive make sure you have a backup pair in your glove box. Also, always carry your cell phone with you and don’t be shy about asking for help.
To save money, consider getting at least one instant car insurance quote online before speaking with your agent: