Seniorâ€™s car insurance offers the same range of discounts as insurance for someone in their prime. Additionally, a senior has had more time to build a responsible life and establish themselves in a way that makes car insurance cheaper. The result is that even though some older drivers may be charged higher rates they wonâ€™t see the increase because of discounts that bring their costs back down again.
Your credit score has an effect on your car insurance premiums and seniors have learned the importance of a good credit score. Living in a low-crime neighborhood is also helpful and similarly a lesson that most seniors learn. Just the convenience of having a private garage to park your car in at night is cause for an insurance discount. If you have a safe driver record to go with a good credit score, you can probably get lower rates than many people half your age.
The type of car you drive will also affect the cost of senior car insurance. Newer cars include safety features that were not available a few years ago, such as side impact air bags, electronic stability control and anti-lock brakes, and all of these features will earn you savings on your car insurance premiums.
Seniors looking for discounts on car insurance might be able to save a lot of money by comparing online insurance quotes. That way you can check for any discounts that apply, such as having a college degree or working in one of the many fields that automatically offer discounts, such as doctors, firemen, or architects. Online rate comparisons will let seniors compare multiple insurance companies at once and makes it easy to find the best prices for the most effective coverage.