As a senior, you probably use your vehicle to get where you need to go throughout the day. Even if you’re currently retired, your automobile is an important part of everyday life.
You might use it to get to the grocery store, pharmacy, doctor’s office or to a relative’s house. One problem that a lot of seniors face is that their car insurance rates go up the older that they get. Many companies see seniors as a liability on the road, so they raise the price of car insurance coverage to compensate for this risk. Thankfully, there are many ways to save money on an otherwise costly policy.
The first thing you will want to do is to compare car insurance quotes. This is because some companies are simply more expensive than others. The great thing about looking through quotes online is that you get to see what your premium would cost before even signing up for anything. You simply input some of your driver and vehicle information to receive a long list of available policies from multiple providers.
Drop certain coverage
Many insurance companies apply additional coverage to vehicles upon signing up that simply isn’t needed. For example, you might not realize that you have roadside assistance added to your policy and that you’re paying an extra $15 a month for this protection. Some policies have rental reimbursement added in the event that you need to get a rental car. It’s important to look carefully through your policy and to remove anything that you don’t need or want. Likewise, if you don’t have a loan on the automobile, you can remove many of its coverage options.
Only use the vehicle for leisure driving
You’ll pay more for your insurance if you use the car to commute to work. By only using your vehicle to get to stores and relatives’ houses, you’ll save a significant amount of money long-term. This isn’t to say that you should lie on your application and say that you use the car for leisure purposes when you drive to work every day, but it’s important to look at this option as a way to save on your bill each month and to make the appropriate changes to your driving habits.
Take a defensive driving class
There are certain changes that happen as a person ages that can seriously affect their hand-eye coordination. This may limit your response times and reflexes when behind the wheel. By taking a defensive driving class, you’ll be practicing important skills to improve the way that you drive. It is important to submit proof of class completion to your insurance agent so that they can apply this to your account to lower your premium.
Use technology to your advantage
Many companies offer discounts when you sign up for paperless billing. While this might not add up to a large amount of money, you’ll be saving some cash in the process and will be preventing unnecessary bills from coming in the mail. Another reason that technology can work to your advantage is because it allows you to quickly and thoroughly review your policy and account to remove unnecessary coverage.