Auto insurance rules keep changing from person to person. There are no hard and fast rules or rates for car owners. At the end of the day it is entirely at the discretion of the auto insurance provider. They are in the business to make money. So the general trend is to favour those who seem to be less risky and prone to accidents. For seniors, here are some tips that will help them save a lot of money on auto insurance premiums.
Go for driving certifications
Several driving schools offer courses to refresh the driving rules for seniors as well as to keep them abreast of all traffic symbols and rules. It also helps them to fine tune their driving skills and understand their weaknesses if any. The certification is definitely instrumental in lowering the insurance premium to some extent as it lends credibility to your driving skills. Therefore it is well worth joining those driving lessons. In fact, a lot of people do these driving courses and lessons online in the comfort of their own houses, which is as convenient as it gets.
Combine with house or health insurance
Most seniors have a health or auto insurance. You might have other family members who have their own auto insurance. You can negotiate for a discount from the insurance provider if you combine your policies. In other words, get your auto insurance from the same provider who gives you house insurance or auto insurance for your family members. This way you become a privileged client of the auto insurer, bringing in more business. Therefore you will be granted a discount.
Pay as you drive
Seniors are expected to drive less. In fact, the mileage is far less compared to middle aged people, especially those who commute to work daily. You can go for Pay as you Drive schemes wherein, a gadget will be installed in your vehicle and your mileage will be taken note of. You will only pay insurance premium based on what you drive. The lesser you drive, the lower your cost of auto insurance.
Use your credit history
Seniors have much longer credit history. In most cases, if they have been careful, this is likely to translate into a good credit score as well. Such seniors can definitely negotiate for better auto insurance rates which depend on the credit score of the individual to a certain extent.
