Ever been in a situation where you are in a hurry to get somewhere and driving on the freeway with such speed then you suddenly see yourself come behind a car on same fast lane going slow, even slower than those on other lanes? You try as much to get the slow driver to move faster; flashing your vehicle light and all you could to no avail. You finally get to move past the slow driver and while getting by car, you realized the driver is an elderly and you simply drive ahead and wander along. It is a fact that senior citizens drive safely much more than the youths and have better rates.
Population of Senior Citizen driving has increased
Going by the new census statistics, American citizens of age 65 and above are up to 45 million. The number takes more than 14% of the total country’s population. Healthcare and medical advances have resulted in seniors living much longer than before, hence the gradual growth in their statistics. By the year 2060, the population of seniors is expected to be reaching 100 million. With the seniors come great potentials for businesses and this market sector is already a major focus for some organizations. More so, they are less dependent than they used to be and now, majority of them can drive perfectly well into 80 years and above.
Majority of the seniors live on a budget and plan their expenses, but car insurance is one expense that’s fixed and must be paid monthly. Fortunately, the majority of car insurance firms provide huge car insurance discounts to seniors. These discounts are offered on the basis that it’s been proven statically that seniors don’t involve in high rate of accident, unlike other driving age groups. Okay, just a quick question; between been in a car driven by an experienced and careful 67 years old and one driven by a 17-year-old teenager, which one will you feel safer in as a passenger? Almost all senior drivers are of many years experience and will always pay attention to and obey traffic laws such as not to text while driving.
Senior Drivers rarely file Claims
Drivers in the age group of 60 years and above record the lowest stats of claim filing. Their driving skills and judgment in preventing road accidents are still much intact couple with their years of experience that make them safety conscious on the road. Good to go insurance rates is one of the lowest offers available to drivers’ age 60 to 70 years. One other reason seniors tend to have attractive rates than others is the fact that they hardly travel long distance compared to younger age groups; they are mostly retired and only go out for few house errand in neighborhood distance in off-peak time. And they sure don’t need partying so late into midnight when the majority of accidents occur due to drinking driving. This reduces their risks; hence, the low rates offered them as incentives by insurers.
The attractive age for older drivers starts at 55 -75 years. An elderly driver with no tickets or accidents on his /her record in the last three years tends to get low auto insurance fee. Seniors within this age group, as a matter of fact, can be offered rates up to 15% cheaper and just bit of the rate younger drivers of 25-60 age brackets pay. Look up good to go insurance on the web for your personalized rate.
Automobile Insurance Savings for Seniors
Many avenues for getting low auto insurance rate are opened to seniors. The most popular ones are:
Getting a certification from a recognized body on safe driving gets a driver up to 10%/ plus on insurance cover. And the classes are not more than three sessions maximum, and lots can be learned from such even senior drivers.
Most retirees don’t usually have an everyday driving need. If you are retired already and drive less than a thousand miles monthly, then you can get up to 15% savings from low mileage discount.
Choosing an auto policy that has up to $1000 or more in deductible will be one good move by the seniors. This will be a good strategy as you most likely are already a safety conscious driver who doesn’t drive too fast or reckless. Having a high deductible auto policy will give you about 10% savings or more.
It is quite unknown to many that having a garage for your auto at night gets you a discount from insurers. This is so because it reduces the risk of the car getting damaged by bad weather or stolen. You can get up to 5% discount on your auto insurance quote.
What You Can Do to Get Cheap Insurance for Your Car
With so many auto insurance companies across the nation, finding an affordable insurance for your vehicle can be either easy or difficult. It is easy because those companies are in the middle of a competition which may force them to lower the premium. It is also difficult since the cheapest one is not always the most dependable.
Auto insurance used to be a complicated process full of lengthy discussions with captive agent
As technologies improve and communication has become easier than ever, buyers no longer need to wait for several days to get quotes and make the purchase.
3 IMPORTANT INSURANCE POLICIES YOU SHOULD CONSIDER
A lot of people are not knowledgeable when it comes to insurance policies, how they work and their advantages. This large percentage of illiteracy on this topic can be linked to the fact that; little or no knowledge about insurance is being discussed in schools.
