Auto Insurance for the Senior Citizen
April 20, 2008
Elderly people often hate to give up the freedom of driving a car to take themselves to the places they need to go. They don’t want to admit that their driving skills aren’t what they used to be because they have gotten older. Statistics show that senior citizens who are over the age of 75 and still driving a car have an extremely high percentage of accidents during the daytime hours – and a good many of these accidents are fatal.
Any sort of automobile accident is a good sign that the elderly should give up driving. Any elderly person who doesn’t want to lose the privilege of driving should decide to do something in order to keep their driving skills sharp. In some states, auto insurance companies will give discounts to senior drivers who have successfully completed a senior driver safety course. An agent will know whether or not such a discount is available where they live.
Seniors can save on their car insurance in other ways. One of the simplest of these is to check out all of the insurance companies that serve the area where they live and compare their rates for the type of insurance that is needed. It’s not widely known how much these rates can differ from company to company, but some insurance industry watchdogs say that 300% is an accurate figure. When doing comparisons, Seniors should make certain that they check to see what the coverage they need will include, and whether or not any discounts can help them to save even more.
Another way for the elderly driver to save is to have a higher deductible. They should also try to see that their car is a make and model that is considered what the insurance industry calls a ‘low Profile’ car. These are cars that are not reported stolen as often as some are, and that also have low costs for repair.
Seniors may also want to think about dropping some coverage from their policy in order to save money. If the car the senior drives is an older car, taking off the comprehensive or the collision – maybe even both – can save them money over time. It’s also a good idea to see if there are discounts given for having safety features on the car. Seniors may also be eligible for group insurance or corporate discounts from their former employers. It never hurts to check these things out!
Related Articles
- Collision Auto Insurance Have you considered the option of collision auto insurance for your vehicle? It is an option because not every driver can see the need for the extra expense of adding it to their policy. However,
- Cheaper Is Not Always Better When It Comes to Auto Insurance! `You may have already learned this uncomfortable life lesson, or perhaps you are still waiting to experience it. It is a sad truth, but one we all must face – you cannot trust everyone, and
- AARP Gives Oregon Seniors New Way to Save on Auto Insurance The American Association of Retired Persons (AARP) is a non-profit organization designed to serve the interests of its members, all of whom are individuals older than 50. This year, the AARP once again brings its
- Affordable Health Insurance There are many individuals and families in America today who do not have any form of health insurance. The numbers are in the millions. Some of these people are self-employed; some do not work at
- Worried About Getting Soaked on a Rainy Day? Try Umbrella Liability Insurance With the slow death of company pension plans and the paltry compensations offered by the US government's social security program, many older Americans are finding themselves strapped for cash. Longer life expectancies, while clearly desirable,
Comments
Got something to say?
-
Advertisements
-
Categories
-
Advertising