As you move on into your senior years, you naturally expect that some things are going to change. However, a lot of senior citizens are surprised when they find out the added age can bring along a spike in what it costs to obtain car insurance. Older drivers can be considered a bit more of a risk to cover by some insurance companies, but there are a few little-known things you may be able to do to save on your premiums.
Consider taking a mature driver course if you can find one.
Drivers education classes are often thought of as something only for those who are young or who have perhaps committed a driving offense. However, some places do offer mature driver courses for aging seniors. The reason for these courses is to help older drivers stay up to date with the latest rules and regulations of the road. If these courses are available through your insurance company or through the local DMV, they can be worth the time and effort because they may help you keep your car insurance rates low.
Consider dropping a driver from your car insurance policy if possible.
If your significant other no longer drives, you may be able to pull them off of your insurance policy as a listed driver. If the person still holds a driver's license, it may be required in some states that you list them on your policy, but not all states have this requirement and will let you drop a driver who does not drive your vehicles.
Consider joining clubs and organizations that will save you money.
Being a member of certain organizations can fetch you a discount with some insurance companies. For example, if you are a senior citizen, you should be eligible to join AARP (American Association of Retired Persons), which may grant you a discount on your car insurance.
Consider updating your policy to show that you drive less.
If you are a senior citizen and no longer have to worry about commuting back and forth to work and no longer are on the roads like you once were, there is one thing you can do that can help you save you may have not already considered. When you initially get your auto insurance policy, you will be asked or it will be estimated how many miles you drive annually. If this has likely changed since you started your policy, talk to your provider about making adjustments.
Contact an agency, like Wolf Insurance Agency, for more help.
Share2 December 2018
Ten years ago, I married my best friend in a beautiful, intimate ceremony. My husband and I have been nearly inseparable and we’ve enjoyed this special time in our lives where it has been just the two of us. However, we’re finally ready to have a baby. Because I only work part-time, my husband is the primary financial provider in the family. If something ever happened to him, I wouldn’t be able to instantly support myself and a child. Because my husband worries about an uncertain future, he is considering purchasing a larger life insurance policy. On this blog, I hope you will discover the best types of life insurance policies for young parents to invest in. Enjoy!
