The Inside Scoop: Insurance for Senior Citizens
Driving is a privilege that comes with a stipulation regarding minimum age, but no stipulation regarding maximum age. This means that you, as a senior citizen, reserve the right to drive just like every other adult in the United States.
If you think about it, it makes perfect sense. Seniors tend to be more experienced and more mature when it comes to handling life. Seriously, the likelihood of a senior speeding or trying to text while driving is pretty low.
However, this isn’t to say that being a senior automatically means you get reduced car insurance rates.
The Truth About Senior Insurance
While insurance companies appreciate the maturity of seniors, they don’t appreciate the physical conditions of seniors. The fact is that age tends to dull our senses and reflex. The result is that a senior is typically more likely to miss an important road sign or react slowly to impending danger. Furthermore, seniors are generally more fragile and prone to injury. That doesn’t help either.
Because of the aforementioned reasons (and more, to be honest), insurance rates for seniors start rising at the age of 70 and hit their peak after the age of 85. However, this isn’t to say that you can’t take proactive steps to reduce your rates.
Tips For Choosing A Car Insurance Plan for Seniors
Here we are going to look at tips for choosing a plan. Whatever you do, don’t rush into picking a plan or provider. Browse the market and look into several insurance companies.
- Select a company that’ll reward you for your past driving history. If you’ve been driving safely and correctly for the majority of your life, you could potentially save bundles of cash through safe-driver discounts.
- Spend extra money to ensure the plan you choose provides exemplary medical coverage. As a senior, you’re at a much higher risk of suffering an injury. Even a minor collision could send you to the hospital.
- Check out usage-based plans. These plans are based more on how many miles you drive per day/week/month. If you’re a retired senior who doesn’t get out that much, this could save you a lot of money.
Senior Car Insurance Plan Discounts
We mentioned a few discounts above, but here we want to cover them all. The good news is that you as a senior have access to a slew of different discounts that can really reduce your rates:
- Discounts for being part of an organization like AARP.
- Discounts for being a retired member of the military
- Discounts for taking safety courses.
- Discounts for driving a safety-enhanced vehicle.
- Discounts for bundling a life insurance policy with your plan.
Tips For Better Driving
We definitely appreciate your wisdom as a senior, but that doesn’t mean you shouldn’t keep certain things in mind when you drive. For instance, always drive slow and defensively. It’s illegal to drive too fast, but it’s not illegal to drive slower than the speed limit. Mind you, this doesn’t mean you should drive at 5mph!
Avoid driving after taking prescription medications, especially if they are known to cause drowsiness. You need to be fully alert and responsive when you hit the road. Also, avoid driving in more dangerous situations, i.e., at night, when it’s raining, when it’s snowing, etc.
Last but not least, consider taking a senior driving safety course. It never hurts to get more information. Remember, information is power.
We’re glad you want to keep driving and wish you the best of luck. Just make sure to drive smart and drive slow. Also, don’t ever let an insurance company pull the wool over you. Yes, being a senior comes with certain downsides, but it also comes with a whole lot of perks, the best of which is wisdom galore.