3 ways to get cheap car insurance for senior drivers

Most states require drivers to possess at least a minimum level of car insurance, which means car insurance policies will vary in price. Unfortunately, car insurance companies set their rates on a number of factors, including the driver’s age. Seniors, in particular, may face challenges while trying to purchase a car insurance plan.

How to get cheaper car insurance for seniors

Every auto insurance policy can be uniquely tailored to an individual driver’s needs. For senior policyholders, this means that you shouldn’t have to choose between high rates or reduced coverage. Seniors can find better prices for car insurance by considering these three tips:

1. Ask about discounts with your current insurance carrier
2. Shop around for better rates regularly
3. Trade-in your vehicle for a car that’s cheaper to insure

1. Ask about discounts with your current insurance carrier

One of the biggest mistakes any driver can make is choosing to renew their policy every year without reviewing it. Even if you believe you received a great rate when you first signed up, there’s a good chance that your current insurance provider has new discounts available for qualified drivers.

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Car insurance discounts that seniors commonly qualify for include:

• Low-mileage discounts awarded to drivers who do not exceed a specific number of miles per insurance term.
• Safe driving discounts offered to drivers who have not filed an accident claim or possess a clean driving record over a certain period of time.
• Discounts earned after the driver completes additional driving courses, such as a defensive driving course.

2. Shop around for better rates regularly

It’s easy to assume that your current car insurance rate will essentially be the same offer you’d receive from another auto insurance company, give or take a few dollars. However, what many senior drivers don’t realize is that you could potentially save hundreds of dollars each year by accepting a similar coverage policy through a different insurer.

Car insurance companies are always striving to remain as competitive in the marketplace as possible, providing policyholders with an opportunity to secure the best rates available. By shopping around and comparing car insurance quotes from multiple insurance companies, you can instantly identify which policy and price suit your needs perfectly.

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3. Trade in your vehicle for a car that’s cheaper to insure

Just as your insurance should cater to your needs, so too should your choice of vehicle. New, high-end vehicles are typically insured at higher rates than more modest, older vehicles. If you’re interested in potentially lowering your insurance rate, as well as lowering your monthly car loan payment, you should consider trading in your current vehicle for a used model in good condition with highly-rated safety features.

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Car insurance savings for senior drivers

Some car insurers may raise motorist coverage rates for drivers above the age of 65 or 70, citing the following risk factors

• Certain age-related medical conditions, both physical and cognitive, can impact an older adult’s driving ability, including slowed reaction time.
• Some medications taken by older adults may cause side effects that impair their ability to operate a vehicle safely, such as causing drowsiness or confusion.
• Studies have shown that crash rates, injury severity, and fatality rates increase as drivers reach the age of 70.

Despite this, there are still ways to make a senior driver a more appealing candidate for cheap car insurance.

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