Government statistics show that the first wave of baby boomers is now hitting retirement age at the time when the economy and personal finances are tight. So saving money is more important now than ever for the nation’s seniors. That means it’s equally as important to find cheap car insurance for senior citizens so they don’t spend an arm and a leg in their golden years, especially with the frequency of their driving diminishing.
If you or a loved one is just beginning the journey through the senior years the following suggestions can help you in your search affordable car insurance. It’s out there; it’s just a matter of finding it.
Discounts for Seniors
By all means you should ask your current insurance company if they offer discounts for seniors. You already know you can get discounts at restaurants, movie theaters, pharmacies, and so forth, why not a discount from your insurance company? Truth be known, some insurance companies do offer discounts for drivers over the age of 55 with a good record. As long as you don’t have a history of accidents and claims you shouldn’t have trouble finding a company with whom you can qualify for a senior discount.
Along those same lines some insurance companies also offer additional discounts for seniors who take approved classes to update their driving skills. Insurance companies know that as we get older, we sometimes fail to adapt to changes in the driving environment. By taking a class or two to update our skills we become safer drivers and thus, less of a risk to our insurance companies. Don’t let your pride get in the way of taking a class if it can reduce your insurance rates.
It’s not uncommon for seniors to find something they like and stick with it for years. That might be good when you’re considering your brand of coffee or your favorite television show, but it doesn’t work for insurance. The car insurance market changes on an annual basis in ways that may affect your rates positively or negatively. Therefore you owe it to yourself to compare new policies at least every year or two. By shopping around you’ll be sure to get the best deal possible.
Know Your Limitations
Finally, for both your insurance rates and your health, be sure to know and understand your limitations. As a senior citizen you are not as sprite as you once were. So, for example, if you’re having trouble seeing at night you might want to avoid driving once the sun goes down. By knowing your limitations you will be safer on the road. When you’re safer on the road you have a greater chance of avoiding a rate increase in your car insurance.
As long as you’re healthy and competent there’s no reason you can’t continue driving through your senior years. And if you’ve been a good driver throughout your life you deserve cheap car insurance for senior citizens.