55 Years and Older is that Old Enough For a Senior Discount on Insurance?






If you are dreading the day someone calls you a “senior citizen” – you should stop right now. Not only are senior citizens wiser than the majority of the population, but they also receive more discounts than anyone else, too. Keep reading to find out how old you need to be to qualify for a senior discount on car insurance.

Auto Insurance: When do I qualify for a senior discount?

In most business sectors (restaurants, travel agencies, banks, etc.), he typical age for someone to qualify as a senior citizen is anyone who is over the age of 60 (sometimes, 65) and retired. However, in terms of insurance – the age when someone qualifies as a senior citizen is much lower – in most cases, individuals who are 55 years and up are considered eligible for a senior citizen discount. Therefore, anyone who is over 55 can qualify for auto insurance discounts and benefits.

Auto Insurance: Why do seniors receive a discount?

Chances are, those who are between 55 and 65 have spent a good deal of time behind the wheel, plus, those in this age group have a solid sense of self-preservation, as well. The combination of these and other factors are what makes this group some of the safest drivers around – and because they’re the safest drivers out there – they often receive the cheapest insurance when compared with any other age group, as well. Additionally, insurance companies recognize that many senior citizens are on a fixed income, which is another reason why insurance companies make discounts more available to this age group than with any other group.

55+ Drivers: More Coverage Options

In the famous words of Kathy Bates in Fried Green Tomatoes, “Face it – I’m older and I have more insurance!” – not only do you have more discounts, but you also have more coverage options to choose from, as well. This famous quote rings true, in the real world, as well. Individuals who are 55 and older are offered substantial discounts on their auto insurance rates, which means they can purchase additional coverage, if they so choose.

55+ Drivers: More Discounts

While the names of the discounts and the amounts vary from company to company – the majority of insurance companies offer discounts to their 55 and over policyholders. Many insurance providers offer a “Safe Driver” discount to seniors who have maintained a good driving record and a good credit report. Another popular senior discount is a discount offered to those who complete a safe driving course for mature drivers.

In this troubled economy, it’s important for each of us to save as much as we can – and we think that receiving substantial discounts for car insurance after turning 55 is a great way to start reaping the benefits of age!

60 is the new 20 – so, live it up and enjoy these years. Oh and, get all of the discounts that you possibly, can.


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