Understanding Insurance Issues

Tips For Seniors To Save Money On Car Insurance

It is not uncommon for auto insurance companies to charge higher rates to drivers once they reach 65 years of age. At this age, people are often considered high-risk drivers, simply because statistically people over the age of 65 have a higher chance of filing claims on their auto insurance policies. If you are reaching this age and do not want to pay more for your car insurance, here are some tips that may help you save some money:

Take a driving course

Driving courses are available in most areas, and some of these you can even complete online. A driving course teaches people how to be safer, smarter drivers, and many insurance companies reward people for taking these courses. If you take a course like this, make sure it is approved through your state. Once you complete it, give the certificate you receive to your insurance company. They are likely to give you a discount for taking the course.

Make sure you get a credit for driving very little

If you are a senior and do not travel a lot, you might automatically qualify for a discount for low mileage. Many insurance companies offer low-mileage discounts, and you will need to call your insurance company to find out what constitutes as low-mileage. For example, some insurance companies offer a discount for drivers who drive less than 10,000 miles per year. Other companies may have different standards they use, though.

Stick with an older vehicle

The other good step you may want to take is sticking with a car that is older. If you currently have an older car that is paid off, you could save money on your rates by dropping the coverage to liability only. Insurance companies base rates on so many things, but the age of a vehicle is a big factor.

Older cars are not worth as much money, which means the insurance company may charge a lower rate for insurance. If you get in an accident with an older car, the insurance company would pay less money to you for the damages if you have an older car versus a brand-new, expensive vehicle.

Shopping around for quotes is also a great idea if you are looking for discounts on insurance. If you are ready to learn more about insurance rates and discounts for seniors, contact a local insurance agency to find out how much money you can save.

Contact a company like Angel Auto Insurance for more information and assistance.