The needs and concerns of today's senior drivers are very different from the typical grandmothers and grandfathers of the past. Today's senior lifestyle is much more mobile, life expectancy is so much higher, and some seniors own more than one home, many times traveling between homes several time each year. Senior drivers may have very different insurance needs that are specific to their own group. One thing that is not different about senior drivers is the desire to find the lowest and best rates for automobile insurance. So, here are the most common factors affecting senior car insurance quotes.
Age May Actually Get You Better Insurance Rates
As much as some of us would like to, we just can't turn back the clock. All of us are growing older and with that aging come some advantages and disadvantages. One of the advantages may be a good thing for senior drivers when it comes to getting lower rates on car insurance. Depending on the insurer, most companies offer a senior discount for car insurance starting at age 50 or 55. Not having any younger drivers attached to a car insurance policy and a clean driving record also helps to keep rates lower.
Many companies offer retiree discounts and rebates that start when you retire. One of the best ways to save money is to consider the low mileage insurance policy offered by most companies. Low mileage insurance policies are based on coverage that protects you up to a certain maximum amount of mileage each year. This insurance is perfect for the retiree who does not have to make a long commute to work every day. Both of these discounts have a positive effect on car insurance rates and work in favor of senior drivers.
Factors That Negatively Affect Car Insurance
Typically, vehicle insurance rates for seniors are going to be higher. The hard truth is that rates for senior drivers over the age of 70 are higher because they are simply not young anymore and are at higher risk for being involved in an accident. Even if a senior has a spotless driving record, insurance rates will be higher after age 70.
As we age, our eyesight may not be as good, our reflexes slow down, and we are just not able to respond to certain driving conditions in the same way. These and other age factors cause insurance companies to consider senior drivers a higher risk in spite of their driving record. Some companies will not insure drivers after age 80, but others will provide coverage for those up to age 99. It's best to make certain you know all the details that pertain to your particular situation.
As a senior, the type of car that you drive is also important in determining insurance quotes. Car models which are considered to be lower-end models are preferable simply because they will be less expensive to repair. A car with a smaller engine also counts in your favor.
Like most things, it's best to do your research, shop around for the best insurance rates, and compare different rates and coverage options from various companies. Automotive Insurance websites will allow you to find a lot of information in a short time. If you still have questions, contact your insurance agent or representative directly to get some answers about factors affecting senior's car insurance quotes.
Jeffrey Wells helps people find cheap auto insurance in Ontario. Getting an affordable rate on your auto insurance in Ontario can be quite difficult. Using online comparison websites, you can save time while paying less for insurance than you ever did before.
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