Your Auto insurance rates are based on a variety of factors such as your driving record, mileage, the car you drive and your age.
Rates are highest for drivers in their teens and early 20, tend to fall for those aged 30 to 60-something, and then start climbing again around age 70. Although drivers in this age range tend to drive less and are more mature, their vision and reflexes are declining. They’re also more likely to be injured in an accident than their younger counterparts, and to suffer more severely because they’re physically weaker. Also. They often drive smaller cars, which are more vulnerable to damage.
Here are five ways that senior drivers can keep their Auto insurance rates affordable. :
- Update your mileage. You can get a discount of 5% to 10% if you no longer commute or drive long distances.
- Use a telematics device. A usage-based or pay-as-you-go Auto insurance program can reduce premiums by 5% to as much as 40%.
- Take a class. Most states require Auto insurers to offer “mature drivers” (who can be as young as 55) a discount of 5% to 15% for completing an accident-prevention course.
- Exclude a driver. In some states, you might be able to drop coverage on a driver who no longer gets behind the wheel.
- Make your car safer. Some insurance companies offer discounts for anti-theft devices, airbags and anti-lock brakes.
Bear in mind that drivers can use some of these methods at any age and save on Auto insurance by raising their deductible or reducing coverage.
To make sure you get the protection you need at a cost you can afford, just give us a call.