How to Find Car Insurance Discounts for Seniors

I'm going to be 67 years old next week and I don't drive nearly as much as I used to. Is there any way I can reduce my insurance costs?

Every car owner needs insurance, and this is especially true for the most experienced group of drivers: seniors. Whether a discount comes as the result of a membership in an organization, a safe-driving history or from taking a driving course, seniors have ample opportunities to save money on their insurance coverage. Seniors should research their options and compare policies to determine the most affordable coverage that meets their needs.

Where to Start

No matter your situation or age, all consumers should seek out several competitive insurance quotes before deciding on a policy and carrier. By comparing quotes, a consumer can determine which factors - such as deductible or liability and collision coverage - are most important. Be sure to receive quotes from reliable insurers that you feel comfortable with.

Senior Specialty

Seniors can take advantage of several different kinds of insurance discounts that are not offered to the general public. Remember, before choosing a policy, all consumers should thoroughly read the policy’s declarations and ask questions. Among the types of senior-eligible benefits are:

• Memberships in Organizations: Seniors who belong to organizations such as AARP or AAA might be eligible to receive extra incentives for insurance policies. Think of which professional or social organizations you belong to, and investigate whether there are discounts associated with these groups. Many major carriers have partnerships with organizations which can result in savings.
• Go Back to School: Chances are good it’s been a long time since a senior has taken a driving class. But enrolling in a defensive-driving school, or a program at a local driving school designed specifically for seniors, can be a real cost-saver. Not only does the driver learn new techniques and skills to be safe and assertive on the road, he or she also will benefit from a lower premium. Be sure to ask about these programs before taking out a new policy.
• Evaluate Your Habits: Chances are good that a senior isn’t commuting to work every day or spending long hours on the road. Most likely, a senior is driving for pleasure: taking trips to the grocery store, going out to dinner, or visiting friends. Some policies offer discounts for drivers who spend less time on the road, or drive a fewer number of miles. It’s a good solution for part-time drivers.
• Think About Your Car: All drivers can do this, but seniors should especially consider their car when taking out a policy. Does it feature anti-lock brakes? Air bags? All the latest safety features, which protect driver and passenger as well as offer insurance-rate benefits? Find out whether your car costs more to insure than most vehicles and if so, consider getting a vehicle that could be more affordable. Small factors such as ZIP code, make/model and safety equipment can add up.