If you are lucky enough to be able to get a new car, then you are going to need to get it covered with a good insurance policy. Car Insurance rates have been going up the last few years and it looks as though this trend will not slow down.
To much frustration, nothing works. You then go around the slow moving vehicle and notice the driver is elderly and you then just drive right on by and shake your head. The reality is senior citizens are actually much safer on the roadways than most teen drivers and get better rates. Lets check out some simple ways seniors can save even more on car insurance.
There are more Senior Citizens Driving
According to recent census stats, there are about 45 million American citizens aged 65 or older. This represents over 14% of the entire U.S. population. Due to advancements in healthcare and medicine, seniors are now living longer than ever and their numbers will continue to grow. By 2060, this population of older adults is expected to reach almost 100 million. Seniors represent a huge, growing market to businesses and some firms strictly focus on this market segment. Seniors are also more independent now than ever before and most drive their own vehicles well into their 80s.
Many elderly persons are on strict budgets and car insurance is a fixed expense they have to pay each month. The good news is many automobile insurers offer great senior auto insurance discounts. Carriers offer these discounts because stats don’t lie and prove seniors have lower rates of accidents than many other driver age groups. Think about if for a minute, would you feel safer in the passenger seat of a 17 year old teen or a 67 year old experienced driver who is very careful behind the wheel? Most elderly drivers have decades of experience and obey the traffic laws, like not texting while driving.
Senior Drivers file fewer Claims
Some of the best drivers who file the fewest accident claims are those in their 60s. This group still posses the motor skills and quick reflexes to avoid incidents on the road and also have decades of experience, which allows them to avoid dangerous situations. Another reason why carriers offer lower rates, is seniors drive far fewer miles than younger people. This is because most are retired and don’t have to be exposed to dangerous rush hour commutes. Older motorists also don’t tend to go out partying as much between 10 pm and 2 am, which are some of the most dangerous times to be on the road due to intoxicated motorists. This greatly reduces their risk and insurers reward them with cheaper premiums.
The sweet spot for older drivers is 55 to about 75 years of age. If a senior motorists has no tickets on their record and no accidents within the past 3 years, he or she can get very cheap automobile coverage. In fact, it’s plausible for seniors in this age bracket to get quoted with rates that are 15% lower than younger motorists between 25 to 60 and a fraction of what teens pay to get covered.
Auto Insurance Discounts for Seniors
There are many ways seniors can get cheaper auto insurance. Some of the more popular ways include:
Completing a safe driver class that is recognized by insurers can save you 10% or more on coverage. These classes only last 2 or 3 sessions and even experienced older drivers will learn a lot.
If you drive less than 1,000 monthly miles, you can qualify for a low mileage discount that can save you about 15%. If you are already retired, there is a good chance you don’t drive too much.
A smart move for seniors is to get an automobile policy with a deductible of $1,000 or higher. This makes sense because you probably already are a very safe driver that does not drive too much. A high deductible will save you around 10% or more.
Most people are unaware that insurers will give a discount if you garage your car at night. This greatly reduces the chance it will get stolen or have damage from unusual weather events like flooding. Garaging your car can save you up to 5% off your insurance bill.
Good to go insurance offer some of the lowest rates available to motorists between 60 and 70 years old. Check your rates with a custom quote from good2go insurance online.
Now that you know some key strategies on how to save on senior auto insurance, it’s time to get quoted. The best place to shop for cheap auto insurance for seniors is online. Check good to go insurance and compare up to 10 rates in 5 minutes or less. Get started now and save hundreds with direct pricing.
Mike Heuer is an experienced writer and insurance expert.
Article Source: https://EzineArticles.com/expert/Mike_Heuer/1602145
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The good news is there are common sense things you can control to get cheap car insurance online. The internet is probably the most incredible human invention of all time and it has lowered prices on so many things, from travel reservations to direct insurance coverage. The first step in combating inflation and increasing auto insurance price hikes is to frequently shop around for quotes on the web. Anyone with an internet connection can get quoted in only about 10 minutes and compare policies from direct providers like go auto insurance and other top carriers.
Direct rates are cheaper because the polices offered don’t have the middleman expense like a broker or insurance agency. Several top car insurers have only have direct ins models and do not have traditional offices or sales channels through brokers. This significantly reduces costs and then these savings are passed onto the consumer in the way of lower rates. This aggressive competitor has been selling cheap car insurance for over 20 years and has competitive online rates few insurers can match. Get your quote on-line today and qualify for instant discounts that can save you even more.
Auto Insurance Pricing Factors
There are several core factors that influence car insurance premiums the most. These include:
If you are in the market for either a new or used car, then just don’t think about the engine performance or color you want. You need to also pay attention to the average insurance rates for the automobile you are thinking of getting. This is so important because you could end up with a car insurance bill that doesn’t fit in your monthly budget. In general, newer more expensive cars cost more to insure. This makes sense because if you total a new vehicle, the insurer will have to replace the value of it, which will be way more than a cheaper used vehicle. In some cases, this can be more than a 90% price variation. For example, a 1998 used Ford Escort valued at $1,200 will cost so much less to get covered than a $75,000 new Jaguar because of the massive replacement price difference. If you are on a budget and hate paying out huge premiums, then get a used car with a 4 cylinder engine and watch your insurance costs go down. On the other hand, if you have money budgeted for a new car and are willing to pay more for coverage, think about raising your deductible and you will save 10% or more on your ins bill.
To all the young millennials out there, it might sound like age discrimination, but you are going to pay a huge amount for automobile insurance if you are between 16 and 25 years of age. There is almost no way of getting around it, even if you are a super careful driver. The reality is today’s teenagers and young adult drivers are taking big risks while driving, like texting and “facebooking” behind the wheel. Distracted driving accidents are on the rise and so are insurance rates. If on the other have you are over 25 and have a good driving record, you can get low priced coverage if you shop around. You can always take a defensive driving class too, no matter your age and get a small discount of about 5% from most car insurers.
Unlike your age, you can control how you drive. A persons driving record plays a huge role in the cost of insurance coverage. Insurers give big discounts to drivers who do not have any infractions on their record or accidents. This is a big incentive to drive carefully and responsibly. Not only will it lower your insurance bill, but it will also reduce the chance of you getting into accidents. If you have tickets on your DMV record, get them cleared up as soon as possible, so you can qualify for cheaper insurance.
Another company with web-based pricing is good to go insurance. Now that you have learned a few tips on how to get cheap car insurance online, apply for a free rate check-up at the new good to go insurance website or over the phone. You can save hundreds in minutes and select the exact insurance plan, all online.
Mike Heuer: experienced writer and insurance expert specializing in auto insurance.
Article Source: https://EzineArticles.com/expert/Mike_Heuer/1602145
Article Source: http://EzineArticles.com/9524028