If cheap auto insurance for senior drivers is what you are trying to find than you have come to the right place. This article will give you all the essential information regarding auto insurance for older citizens. Why pay more than you have to? Find out how insurance premiums for senior drivers are calculated and how you can save money.
In reality, who are senior drivers?
When it comes to seniors, insurance companies have a different approach than the majority of people. In society, as senior citizens are seen aged 65 or over. Still, as far as insurers are concerned, senior drivers are people aged 55 and over. There is even a further division for drivers aged under and over 75 years.
We have an ageing populations and insurance companies are well aware of it. Getting older means you become wiser and inevitably your driving habits change.
Car Insurance rates for senior older citizens
When auto insurance rates for older are determined, important part play age, driving record and the type of vehicle driven. Overall, older people are regarded as patient and careful drivers. Not many tickets for speeding or reckless driving are issued to grandmothers. Fast and expensive sports cars are also not a common sight in the garages of older drivers.
Maturity definitely has its good sides when it comes to driving. Lower yearly mileage is also as a result of a more relaxed lifestyle. Of course, there are some cons like slower reflexes and deteriorating sight, which affects night driving in particular.
Your auto insurance rates will be lower than the average if you are under 75 years old and have a good driving record. If you are older than 75, insurance companies will, in general, put you in the high risk group and you may seen your premiums go up.
Cheap car insurance for older drivers
If you are still driving your old car, which of course has a sentimental value to you, you may find yourself in a tricky situation. Not only are older cars more expensive to run but often their actual value is less than the yearly insurance premiums. You can save a lot of money on insurance if you exchange your old car for a newer model.
Taking a defensive driving course is a very good idea too. Insurers reward drivers who have taken such courses with better insurance rates.
To compare quotes online is possibly the easiest way to find cheaper car insurance for senior drivers. When shopping for insurance, its recommended to compare at least 3 quotes from different insurers. You could be amazed by the difference in rates. Some people save up to $600 on auto insurance!