Buying auto insurance for seniors can be quite tiresome task, because getting the rightly priced insurance is pretty difficult. Senior drivers are considered a high risk by insurance companies for various reasons. Therefore, when structuring an insurance plan for senior drivers, the premiums are naturally higher. But there are certain factors that act in favor of senior citizens and help obtain better premium rates.
Benefits for senior drivers
There are many benefits for a senior driver when shopping around for insurance. Senior drivers must make sure to enquire about all of them before buying a policy, to get maximum discounts.
- Senior drivers have better experience when driving on the road, because of the number of years of driving record.
- Senior drivers are naturally careful drivers and do not usually exceed the speed limit. This works in favor of them in keeping a good driving record.
- Senior drivers do not get speeding tickets or even traffic offense tickets. This means they have better driving records than most other young drivers on the road.
- The type of car owned matters a lot while deciding the premium rates. Senior drivers do not use sports cars or high speed risky cars that can make premium high. Senior drivers usually drive cars that have a safe record on the road, with all the safety equipment installed. Insurance companies give special discounts for cars that have all the modern safety equipment installed.
- Senior citizens do not drive too often, since they have a relaxed lifestyle. This is an added advantage because they qualify for low mileage discounts that many insurance companies offer.
- Many insurance companies charge a high premium if the most common routes driven are high risk routes like highways, high traffic zones and the likes. Since senior drivers mostly avoid routes which are high traffic zones, they can get much lower premium rates.
- Senior drivers mostly live in less busy, suburbs and smaller towns. Insurance rates are very high in bigger and busier cities with high population. Senior drivers can get additional discounts depending on the place they live in.
- Senior citizens can take defensive driving classes to reduce the risk on road. Insurance companies give great discounts for senior drivers who take these lessons.
- Group insurance policies are another way to save when purchasing insurance policies. Senior citizens get special discounts when they enroll together with a group for insurance policies. There are many ways to do this. Community groups and employment groups are examples to accomplish this.
