What Affects A Senior Car Insurance Rate
There are several factors that could affect an auto insurance rate, like the type and make of the car, location, driving history, gender and age. Those with ages 25 and below have higher insurance rates because of the high driving risks that could be associated with their age. Logic would then tell us that the older the driver is the lower the risk. Would that be correct? No. Senior car insurance rates are also higher.
Older drivers are also considered by insurance companies as high risk drivers. Aside from that, they also take into consideration that when older or senior drivers get into accidents, they need more medical attention. However, there are ways on how you could cut on your senior insurance rate.
1. You could get the car insurance from the same company that handles your property and home insurance. They would usually provide discounts for policyholders who would hold multiple policies.
2. Keep your driving record clean. It means you have to drive carefully and not violate any laws which would cost you a ticket. Another reason why insurance companies are likely to ask for higher insurance rate is because senior policyholders file more claims compared with other policyholders.
3. Be part of a safety driving programs. Insurance companies usually give away discounts for seniors who take part in these programs.
4. If you are a member of American Association of Retired Persons, then you could also be qualified for a discount. Check with the insurance company if you would be qualified for a discount, since it could be based or dependent on geographical location.
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