Auto insurance discounts for seniors usually take effect between the ages of 45 and 55, depending on the provider. Seniors can enjoy discounts such as a customer loyalty discount, discounts for drivers without accidents and more. The cost of an auto insurance policy tends to increase as you age, but there are ways to save money. Some companies offer discounts on auto insurance for seniors or other opportunities for mature drivers to reduce their car insurance costs.
The Guides Auto team will discuss what types of discounts are available for seniors, what other discount companies offer, and how much insurance can cost a senior driver. Once you reach a certain age, usually between 55 and 65 years old, many insurers offer drivers a “mature driver” discount. The amount of the discount and the age at which the discount is obtained vary from driver to driver. An auto insurer may be eligible for the discount, such as completing a qualifying safe driving course.
This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. It's important to note that not all insurance companies offer discounts for seniors, and the availability and amount of the discount may vary by state and insurance provider. He grew up with insurance talks as part of his daily conversation and has studied to gain in-depth knowledge of the laws and dynamics of insurance specific to each state, as well as a broad understanding of how insurance adapts to each person's life, from budgets to levels of coverage. You can ask your insurance agent if this type of policy is available in your area and compare the rates with a standard car insurance policy to see if the change would be worth it.
Few large insurance companies offer discounts on auto insurance for seniors, but many offer a variety of ways for mature drivers to save money on coverage. To compare quotes from different auto insurance companies, enter your zip code on this page to use the free quote tool. Seniors get discounts on car insurance because auto insurance companies base the cost of premiums on the driver's risk of being involved in a car accident. To determine if a specific auto insurance company offers discounts for seniors and how much they offer, it's best to contact the company directly and ask about their policies.
Geographic location plays a role in determining the price of car insurance for all drivers, regardless of age. Security systems and safety features, such as anti-lock brakes, can also offer you discounts on your car insurance. We took the data collected by Quadrant Information Services to find the average cost of car insurance with full coverage for drivers age 55 and older. Some car insurance companies are more than happy to offer discounts to drivers over 55, as long as certain conditions are met.
A person who has been driving for more than 30 years without a car accident can take advantage of very low car insurance rates.
