Cheap Senior Citizen Car Insurance – Where Can You Find It?

Senior citizens face a dilemma when seeking reasonable rates for automobile insurance. On one hand, they are experienced drivers who tend to be far more cautious than younger people. However, they also have many more accidents, at least statistically, than younger groups. In fact, teenagers and senior citizens account for the majority of all car accidents. Because of this, even if an individual is a good driver, he or she will suffer for the actions of the group.

Senior citizens as a group have more accidents, generally, because of health issues, not because of reckless driving. Many senior citizens have poor eyesight, and they may not realize that they need to correct this problem until it is too late. Senior citizens also have slower reaction times, on average, than younger adults. This means that, even if they do not cause an accident, they may be unable to respond to a reckless driver quickly enough to avert an accident.

Unfortunately, when figuring rates, insurance companies do not always look at who is at fault in an accident. Rather, they take the group as a whole and the amount of claims damage that must be paid out. In this regard, seniors often appear to be a high-risk group.

However, it is possible to get auto insurance coverage that is commiserate with your driving record, even if you are a senior citizen. In other words, some companies will work with you to provide you with a lower-cost policy based on your good driving record, even if you are over 55.

First, talk to your current insurance company. The simple fact is that insurance companies need your business, and your agent or provider may be willing to work with you on your rates if you have a good driving record. Most companies do not want to lose your business, especially if you have been a loyal customer for years.

You can also ask your company about discounts you may not currently receive. Many senior citizens drive far less than younger people, so you may qualify for a discount for low mileage. A good driving record usually offers another discount. You may be able to raise your deductibles if you have a “nest egg” to pay for small damages yourself.
Combining your auto, home, and personal policies can also lower your premiums. Have your agent review your policy completely and offer suggestions on ways to lower your costs.

However, if your current company is not willing to work with you on your rates, you have other options. There are hundreds of companies vying for your business on the internet. While many older people are uncomfortable using the internet to search for lower rates, there are people who are willing to help you perform this task. Your local library or school will be happy to help you learn what you need to know to find an online search feature for rate comparison, if you do not feel able to do this yourself.

The type of vehicle you drive also directly affects your rates. If you own a relatively new vehicle, you might consider selling it and buying something reliable but older which will cost you less in insurance premiums.

Finally, you should consider if you absolutely need car insurance. While you should never drop your coverage if you drive or own a car, many seniors are finding that with public transportation, private transportation companies, and the assistance of family and friends, their limited driving can be eliminated altogether. If you life in a retirement community, enquire about bus service to shopping venues and doctor’s offices. Talk to your family about your transportation needs; it may be cheaper to pay your children or grandchildren some gas money to drive you once a week than to maintain your own vehicle.

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