What are the general attributes an insurance company looks at for a senior citizen or a housewife?

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Your insurance coverage will depend on the kind of driver you are, your profession, age and various other attributes. This is why instead of blindly renewing your auto insurance policy year after year you would need to shop around. This will not only give you a better idea of the existing rates in the market, which usually change often but also about the discounts available.

Auto insurance companies are generally lenient towards senior citizens and housewives. This means, for the same kind of insurance the cost incurred by a senior citizen or a housewife is usually less than the cost incurred by a professional middle aged man, who commutes to work daily. The simplest explanation for this fact is that senior citizens and housewives usually don’t drive as much as you would expect a person with a day time job. Therefore, the chances of their car being involved in an accident or being stolen are far less.

However, you need to exploit this situation further too. For example, there are various driving certifications for seniors to prove that they are safe and very competent drivers. This helps get a chunky discount on the auto insurance. Similarly, seniors and housewives are most likely from households where there are other people driving cars too. Combining your insurance policy with your husband’s or children’s auto insurance will help save money not only on your insurance but also on theirs too. If you have insured your house, it is a wise choice to club your auto and house insurance to cut down on the premium costs, unless you have received really good individual deals.

Senior citizens and housewives are also less likely to be driving sporty cars which often attract higher insurance rates. Family sedans are safer, because they don’t tempt you to drive fast like SUVs do. The damage costs to the family sedans are less than the expensive models of SUVs too. Senior citizens and housewives who would need cars for the occasional ride to the departmental store, theatre or for picking up kids can obtain further discounts, by installing some safety mechanisms in their car. This could be anti-theft locks, navigation systems, rear view alert technologies etc. Whatever be the kind of technology, if it helps you make your car and your ride safer, you will get a better insurance rate.