Senior Savings for Car Insurance
No one wants to pay more than what’s necessary for their car insurance. That’s why you spend so much time getting car insurance quotes. You want the best coverage you can get at the price that you can best afford. This is especially true when you start to get up in years, and when your income is much more fixed than it was just a decade ago.
So, how do you do it? How do you save some money on your car insurance when you’re driving in your golden years? Here are a few tips that will help you to get the very best car insurance quotes that you can get:
- Shop around. Don’t just take the first car insurance quote that comes your way. Compare rates and quotes from different companies in your area. You’ll probably find that there are some vendors that will offer coverage specifically designed for seniors.
- Ask about multiple policy discounts. Most insurance companies will give you at least a little bit of a discount if you have multiple vehicles in their household. Most will also give you a discount if you have life insurance or homeowners insurance through the same company, as well. Multiple policy discounts can usually save you somewhere between 10 and 20 percent, so make sure to take advantage of them.
- Find out about senior safety courses and discounts. There are a number of states that offer a mandatory 10 percent discount on all auto insurance policies for drivers over 55 years old who take a safe driving course. Some of the particular states include ones that are popular retirement states, including Florida, Arizona, California and Nevada.
- Be mindful of your credit score. One thing you have going for you as a senior citizen is that you’re likely to have a decent credit score. In some states, your credit score will, at least in part, determine what your insurance premium will be. Some states have banned this practice, however, and it’s likely that others may also ban the practice, too.
Ultimately, you just need to make sure that you’re asking around to find the best car insurance quotes you can find.