If cheap auto insurance for older drivers is what you are looking for than you have come to the right place. This article will give you all the essential information regarding auto insurance for senior citizens. No one wants to pay more than he has to. Discover what factors determine older citizens' insurance rates and how you can pay less.
Who is considered a senior driver?
A lot of people don't really know that insurers have a different approach to seniors. In society, as a senior citizen is accepted a person who is 65 years old or more. However, as far as insurance companies are concerned, a senior driver is everyone over 55 years old. Yet again, older drivers are divided in 2 further groups - those aged under 75 years and those aged over 75 years.
Insurers are well aware of the fact that we are an ageing nation. Getting older means you become wiser and inevitably your driving habits change.
Auto Insurance rates for senior senior drivers
Age, driving history and the type of car you drive are some of the fundamental criterias used to determine auto insurance rates for older citizens. Statistics show that older people are in general careful and law abiding drivers. Tickets for reckless driving and speeding are rarely issued to grandmothers. Fast and expensive sports cars are also not a common sight on the driveways of senior drivers.
When it comes to driving, maturity definitely has it good sides. Insurance data also suggest that older drivers use their cars less. The only cons are often deteriorating sight, which affects night driving in particular, and slower reflexes.
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 most cases, put you in the high risk group and you may seen your premiums go up.
Cheap car insurance for older drivers
Driving your old car, which may have sentimental value to you, may not be a wise idea. Not only are older cars more expensive to run but sometimes their actual value is less than the yearly insurance premiums. Exchanging it for a more economical vehicle full with safety features will save you a lot of money on insurance.
Taking a defensive driving course is a wise idea too. Insurers reward drivers who have taken such classes with cheaper insurance rates.
The easiest way to find cheap auto insurance for senior drivers is to compare quotes on-line. When shopping for insurance, its recommended to compare at least 3 quotes from different insurers. The difference in rates is often amazing. Some people save up to 35% on car insurance
