Car insurance when you get older can be rather tricky. Now that you may be living on a limited income you may have to do some comparison shopping to salvage the best auto insurance policies available. Here are some helpful tips on how to save money while getting the best auto insurance rates for seniors.
As a person ages they drive less so it stands to reason if you haven’t had any accidents your rates tend to lower. However, for income reasons it is still best to comparison shop for the best insurance quotes when it comes to any type of insurance, especially auto. The first thing to remember is nobody can be turned away for car insurance because of their age. However, if they let their license lapse, they may be required to take an exam before they are able to salvage their license renewed.
It is important to get insurance quotes from several different companies before deciding on your auto insurance choice.
Taking a driving course or purchasing a car with additional safety features can achieve money on your insurance rates.
There are several auto insurance companies that specialize in insurance for seniors such as AARP and AAA.
Sometimes employers or church groups may offer a group insurance rate that will place money on auto insurance policies.
Sometimes local insurance agents can offer lower rates than other auto insurance companies, it is always good to look at several different avenues to find the best policy quotes.
Many seniors are driving automobiles that they have had for many years and sometimes the deductible on a certain car many cost more than the car is worth. To get the best senior rate you may need to choose a higher deductible for your automobile.
Your insurance rates are adjusted according to your zip code. If you have two homes and spend the same amount of time in each home, you will need to choose to list the car insurance in the zip code that will give you the best rate.
Most seniors never want to give up driving, however sometimes due to health reasons it may become necessary to give up driving. People sometimes continue paying for car insurance policies even after they never drive anymore due to health reasons for fear they may need to drive someday. The cost far outweighs the benefit and if you do have to drive one day, you probably wouldn’t be able to due to medical reasons, so let the insurance and car go. Use senior taxicabs, family members or friends. The money you establish by no longer having a car will easily pay for your trips here and there to the store and doctor appointments.
Some well-behaved insurance companies that offer good rates to seniors are AARP, Progressive, Allstate, Farm Bureau, Geico and State Farm.
Make sure you get all the quotes you can and tell them what you can pay, sometimes as with Progressive they can work around your priceline. Geico has a senior discount program and many other insurances do as well.
References for this article include: www.nscddconline.com/geicosenior/
www.insurancefinder.com/autoinsurance/seniorauto.html
seniorautoinsurance.org/
seniorjournal.com/NEWS/Discounts/2007/7-06-28-SenCitCanFind.htm
Filed under State Farm Auto Insurance by on Feb 20th, 2011. Comment. 
Almost every state requires drivers to have liability coverage to protect anyone they harm, but it’s also important to understand non-mandated insurance options that exist to protect the policyholder or their property. One of these options is comprehensive coverage and, as the name suggests, it covers just about everything not related to a collision.
One of the first things to understand is that comprehensive coverage does not shroud collisions. Collisions are covered under a separate policy called “collision coverage” and this is the policy to hold if you want to protect yourself financially in the event of being involved in a collision with an object (building, telephone poll, etc.) or another vehicle.
Understanding that comprehensive coverage does not include collisions, the dependable occurrences it does cover are best summed up as natural disasters and criminal acts. Nationwide Insurance offers this list of occurrences covered: “contact with a bird or animal, falling or flying objects, theft or larceny, fire, windstorm, hail, water or flood, malicious mischief or vandalism, riot or civil commotion, breakage of glass and explosion or earthquake.”
This list is exhaustive and fairly representative of comprehensive coverage available from other big-name companies in the insurance industry. In fact, many insurance companies don’t even list all of the occurrences covered by comprehensive coverage on their website because the policy can be used to cover almost any damage incurred to a vehicle except collisions.
It’s also important to understand that comprehensive coverage may shroud afflict done to vehicles driven by the policyholder and not just those owned by the policyholder. Comprehensive coverage will also cover the loss of determined property within a vehicle due to theft or damages.
Leasing often requires that the vehicle be covered by comprehensive auto insurance as well as collision coverage. The average consumer should also mediate this combination because while comprehensive coverage will cover almost every occurrence of damage, it will not cover damage resulting from collisions.
Of course, comprehensive coverage is expensive and a policyholder should consider this before selecting a deductible. There’s no point in choosing a high deductible to save money on monthly payments and then be unable to pay it when the car actually suffers damage.
But if you’re willing to pay the monthly fees and you’re able to afford the deductible when things go wrong, comprehensive coverage is the best way to protect you’re vehicle from the hazards of everyday operation. From animals to riots to larceny, comprehensive coverage can safeguard one of a policyholder’s most valuable assets: their car.
Sources:
“Insurance Coverage Definitions,” Carinsurance.com
“Collision and Comprehensive Insurance Coverage,” Nationwide.
“What is Comprehensive Auto Insurance,” Superpages.com
Filed under State Farm Auto Insurance by on Dec 18th, 2010. Comment.
