Senior car insurance discounts are available to individuals starting at age 50.When looking for car insurance you should ask the company at what age are you eligible for a senior car insurance discount. In addition to being given a discount just for your age, you can receive other car insurance discounts.
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You can receive car insurance discounts as a senior if you are eligible. Read about the senior discounts for which you are eligible in the article below.
Age Qualifications for Seniors
There is no official age for a senior citizen. It varies from company to company, so it is always best to ask. Some companies consider seniors to be as young as 50, whereas other companies require the individual to be 65 years old.
Some discounts increase as you age, so check with your insurance company on a yearly basis about senior discounts so you can save money if you qualify.
Drivers Education Courses for Seniors
Many insurance companies will offer discounts to seniors if they take approved drivers education courses. The insurance companies consider this worthwhile because it keeps the senior driver alert and current on driving laws and requirements.
According to the American Association of Retired Persons, a course entitled 55 Alive is available through local AARP offices. The course is tailored to senior citizens and covers safety features, car design, and the physical changes that occur as one ages that may hinder their driving skills.
State Departments of Motor Vehicles also recommend that seniors take defensive driving courses. Defensive driving courses can be found online or through a link on your state DMV’s website. After the approved course is completed, seniors are eligible for a discount through their insurance company.
AARP Insurance Company Discounts
The American Association of Retired Persons offers car insurance discounts through its preferred providers. You must be over the age of 50 to be an eligible member in AARP.
Discount for Driving Short Distances
Many seniors, especially those that are retired, do not drive very far. Seniors who do not drive much are often eligible for a mileage discount on their insurance policy.
Be sure and mention you are retired and the amount of miles you drive on average to see if you qualify for the mileage discount.
The national average is 10,000 miles a year, so you may qualify if you drive less than that on a yearly basis.
Discount for Being Retired
Some insurance companies will provide you with a discount on your insurance policy simply because you are over 50 and retired. This is often referred to as an occupational discount.
Discount for Being Retired Military
If you are retired military, regardless of what branch of the armed services you were a member of, insurance companies may grant you a discount on your car insurance.
Another car insurance discount available to seniors is a loyalty discount. If you have remained with your car insurance company for a long time, you can receive a discount for being a loyal customer.
Good Driver Discounts
Seniors often qualify for good driver discounts. Senior citizens are often more conscientious and careful while driving and receive fewer driving violations. A clean driving record will make a senior eligible for a discount with their insurance company.
However, rates often increase as a senior gets older. Many seniors are involved in accidents that cause their insurance rates to increase once they fall into the 70 or 80 year-old range.
It is important to take advantage of senior rates now before you fall into that 70 or 80 year old range where rates begin increasing.
Many seniors are members of auto clubs like AAA, so they are able to qualify for a discount on their car insurance simply for being a member of an auto club.
Seniors often live in households with two or more people or two or more vehicles. Seniors can receive multi-car discounts when all of the cars are insured with the same insurance company.
Many seniors live in houses and have homeowner’s insurance. Bundle your car insurance policy with your homeowner’s policy to receive an additional discount on your premiums.
Many car insurance companies will provide an automatic renewal to individuals who are over the age of 50. Although this is not a discount, it does insure you will always have car insurance coverage.
Most seniors can look forward to receiving up to 10% off of their insurance premiums because of their age.
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