3 Ways for Seniors To Save Money on Car Insurance

Updated on May 3, 2021
3 Ways for Seniors To Save Money on Car Insurance

Do you remember the first auto insurance policy you bought? You likely cringed at how expensive your premium was, even if you were a safe driver. Insurance providers offer higher rates to young drivers because they see them as more of a risk behind the wheel. Unfortunately, the same is true for senior drivers. As you age, you might take more medications, have slower reactions, or experience deteriorating vision and hearing. The good news is that there are plenty of ways for seniors to save money on car insurance. Keep your insurance rates low with these handy tips.

Seek Out Discounts

Auto insurance companies offer numerous discounts to help make insurance affordable—this also helps them stand out among their competitors. Senior discounts are common, so make sure you ask about them when you build your insurance policy. You might also save with a low mileage discount or a pay-as-you-go plan. This is particularly useful if you’re retired and you don’t have to commute to work anymore. Always ask providers about available discounts when you shop for policies. You never know what extra savings you can find.

Prioritize Safe Driving

When your insurance provider knows you’re a safe driver, they’ll be more comfortable offering you a lower premium. Being smart and vigilant behind the wheel is one of the most straightforward ways for seniors to save money on car insurance. You might need to put in a little more effort to stay a safe driver as you age. But if you stay on top of your medications and regular health checkups, you can continue to drive safely and responsibly. Another way to save money is to show how much you prioritize safe driving. Defensive driving courses and similar opportunities look great on your record and can help you get more discounts on your policy.

Keep Comparing Prices

You already know that you should compare prices whenever you shop for auto insurance. However, it’s easy to get comfortable with your current policy and stop looking for what other companies can do for you. No matter how old you are or how long you’ve been driving, take the time to look up insurance quotes regularly. Insurance rates change over time. Variables like your age, where you live, and what kind of car you drive can also affect them. When you spend time looking up quotes and comparing providers, you ensure that you can get the best price.

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