10+ Ways On How To Save On Car Insurance For The Elderly

English: DTM Audi A4, Oliver Jarvis (driver)

Elderly drivers sometimes don’t think they are… 

Getting a few years under your seat belt does (and certainly should) have it’s advantages, christ knows there are plenty of disadvantages too so something needs to weigh up the balance. On the plus side you should be able to save money on your car insurance just so long as you have a long history of clean driving, experience and a good track record does pay. On the down side you might not have all of your own teeth!

Lowering Car Insurance Rates For Senior Citizens: Elderly drivers who have a long, clean driving record, free of accidents, free of violations may find that they are eligible for reduced car insurance premiums. Some states actually offer driver training programs specifically aimed at elderly drivers, offering lower car insurance if they complete the training. There are lots more tips on how elderly drivers can save on their car insurance below.

  1. Check With Your Car Insurance Carrier: Some car insurance companies offer special discounts if you have been a customer and have been accident free.
  2. Compare Car Insurance Rates For Seniors: Companies that cater to senior citizens, such as AARP, have negotiated discount car insurance rates for their customers. Shop around, you know it makes sense.
  3. Don’t Pay For Any Medical Cover You Don’t Need: I know, I know, we all need a certain amount of medical cover but the chances are that you’ll already have health insurance, life insurance, burial insurance, disability insurance, something like that. If your health is already insured up to your ears then only pay for the minimum amount of personal injury insurance which is mandatory for the state you live in and keep the rest in your pocket / bank account / under the mattress / in a shoe box under the bed / in the cookie jar behind the coffee on the shelf near the back door (yes, I know where you keep it).
  4. Use Your Car Less: You might qualify for a low mileage discount if you only drive your car for less than a certain number of miles per year. Using your car less really does reduce the chances of having an accident, which often has a positive effect on the cost of your car insurance. We’re not saying that you should stay at home and become a recluse, there are loads of ways you can reduce the miles you drive each year – catch the bus once in a while, car share with your neighbors on those weekly trips to the superstore, invest in a GPS system or a good map to make sure you take the shortest route across town to visit your old pal Dolly who you haven’t seen since High School, buy a bicycle (can add years onto you, riding a bicycle is great exercise, even for the more elderly members of the family), walk . . . there are loads of benefits to driving around in your car less – the health of your body and your finances could greatly improve.
  5. Take a Defensive Driving Course: Just because you’ve been driving for more years than you care to remember doesn’t necessarily mean that you can’t learn a few things. If you take (and pass) a defensive driving course, many car insurance companies will reward you with lower premiums. Apart from that you’ll really feel like you’ve achieved something and can be proud of yourself – go on, bite the bullet and register for a defensive driving course.
  6. Lower your deductible: Lots of things get naturally lower with age – it’s usually due to gravity – but one way to lower your car insurance is to reduce your deductibles. Lots of senior citizens stick to the car they’ve had for years, great idea, very often they’ve had the car since it was new, looked after it well, made sure that it was regularly serviced, but realistically speaking as your car gets older the value decreases, and it may be that the deductible on your car is now costing you more than the car is actually worth.  If, however, you are driving a newer, more expensive car then you may want to leave things as they are, keeping a lower deductible and covering the cost of any bumps and scrapes.
  7. Check Out Your Features: Your car’s features, that is. If you are buying a new car then make sure it’s close to the bottom of the “price to insure” table. Certain features are designed to make cars safer, and insurance companies do like that a lot. The safer the car, the less chance there is of it being involved in an accident, or of the passengers sustaining serious injury. Look for things like air bags and anti-lock brakes, efficient immobilizer systems (‘cos some immobilizer systems seem to have a mind of there own and kick in when they don’t need to, rendering even the real owner/driver of the car well and truly stuck).
  8. Check on Zip Codes: Car insurance rates do vary depending on your zip code. It’s a sad fact of life (but a fact nevertheless) that some areas have higher crime rates and accident rates than others. If you are the lucky owner of two homes and split your time between them both, then make sure that you list your car under the zip code which has the lowest insurance rates . . . makes perfect sense when you think about it.
  9. Lump ‘Em All Together: Insurance policies that is. Just stop and think for a moment about how many insurance policies you have. Home insurance, health insurance, life insurance, burial insurance, flood insurance . . . crikey moses, that’s a lot of policies, and the majority of insurance companies will gladly offer to insure everything for you, and give you a nice healthy discount if they get all of your business. If you lump all of your insurance policies under one roof, so to speak, you could save some money on your car insurance . . . that works for the elderly, the not so elderly, the young . . . everybody in fact.
  10. Ask the Question: This is one of the quickest and easiest ways to ensure that you have the best elderly car insurance policy possible . . . just ask the insurance company. Is this the best you can do?  Are there any other ways to reduce the cost of my car insurance policy? Go on, be creative, don’t hang back and ask the question!

Okay, this might not be what you want to hear, but the day will come for all of us, until then you need to make sure that you get the best possible deal on your car insurance.

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