Cost-Effective Car Insurance for Seniors
Are seniors charged more for car insurance?
Actuarial data or statistics are used to calculate various sorts of insurance risks and help create the pricing of auto insurance policies. The age of a driver is one of those statistics. So, if you are a young inexperienced driver, your rates will be much higher because statics show you are more likely to be involved in an accident. And, as you approach your senior years, the same holds true. Typically, car insurance rates start slowly rising as you reach the age of 50.
What are ways seniors can save money on car insurance?
There are a number of ways for seniors to save on their car insurance:
- Take a Defensive Driving Course – you will save 10% off your liability and collision premiums.
- Make sure your agent has your car listed a “Pleasure” use if you are no longer driving your car to and from work
- Consider higher deductibles on your Comprehensive and Collision Premiums
- Bundle or Package your Homeowner and your Auto with the same insurance company
What should seniors look for in car insurance companies to find the best coverage?
Seniors need to seek out a professional and knowledgeable insurance agent who values building long-lasting relationships as they will take the time to listen and offer you the protection and options that best fit your needs and budget. And, especially if you are not computer savvy, you need this type of agent to understand and slowly walk you through the application and billing process.
READ MONEYGEEK article here: https://www.moneygeek.com/insurance/auto/best-cheap-car-insurance-for-seniors/#expert=heidi-petschauer-cic
