In general, for drivers over 50, if you change providers, the reduced rate should automatically be reflected in the quote. Discounts range from 5 to 10 percent. However, be careful and review your current policy if you've recently turned 50 to make sure that the new rate has been applied. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
This page will discuss ways to get low-cost auto insurance for seniors, how age and other factors affect costs, and the best car insurance for seniors. The car insurance score is a number based on your credit history that is used to predict your likelihood of filing a car insurance claim, while your credit score is used to assess your ability to repay the money you borrow. However, Hawaii, California and Massachusetts have prohibited insurance companies from using their credit history as a factor in helping determine their auto insurance rates. Before becoming an insurance writer, she worked as a legal assistant in the field of personal injury law and as a licensed sales producer at several insurance agencies.
Most car insurance companies offer at least some discounts to help eligible drivers save on their premium. One of the universal discounts offered by insurance companies in Texas is a discount for those who complete a safe driving course. Older drivers pay more for car insurance because they are more likely to be involved in accidents and suffer serious injuries. Likewise, if you took out term insurance when your car was new, you can probably afford to cancel it when the car is almost paid for.
While age may be the most important qualifying factor for most seniors, many different factors can affect the cost of car insurance for seniors. The risk of an accident increases as you age, which represents a greater risk for the car insurance company. The car insurance plan that's right for you is determined by a variety of factors, such as the type of car, salary, savings, and more. Geico also offers discounts for seniors and has strong customer service, making it a good choice for seniors looking for the best car insurance overall.
Many car insurance companies offer specific discounts for seniors who take an adult driving course.