Lower Car Insurance: Another Perk For Retirees

Senior citizen perks come discounts at restaurants, retailers and even car insurance. According to the Centers for Disease Control and Prevention (CDC), the number of licensed senior drivers has increased by 50 percent from 1991 to 2015. With many years of experience and a good driving record, senior citizens can see big savings when shopping for quality car insurance.

Here are a couple of reasons seniors are more likely to save on car insurance coverage:

Senior citizens are safer drivers

Seniors are safer drivers compared to other age groups. Seniors reduce the risk of injury by wearing safety belts, following speed limits, and not drinking and driving. Safe practices like these can mean significant savings. The AAA reports that drivers age 70 and older are less likely to engage in dangerous driving behaviors like talking on the phone while driving. The AAA also reports that only six percent of drivers, ages 75 years or older, involved in fatal crashes had a BAC of 0.08 or higher.

Seniors are eligible for low-mileage discounts

The fewer miles a person drivers, the lower the chances of getting into a car accident are.  For this reason, seniors might consider a usage-based insurance provider. Per-mile insurance base premiums on how many miles a person drives. Seniors who travel less than 11,000 miles a year benefit from providers who offer usage-based insurance. With Mile Auto, drivers send pictures of their odometers every month to calculate their insurance bill.

Re-shopping your car insurance continuously helps guarantee that you are getting the best rate on the market. Drivers should especially re-shop their insurance when they approach retirement age. With so many technological advances, car insurance quotes are fast and easy to get. Drivers can get free car insurance quotes online within a matter of minutes.

Important information to consider

It is important to understand that not all senior citizens have the ability to drive safely. Please assess your loved one’s physical and mental condition before helping them renew their driver’s license. Conditions like arthritis and dementia can profoundly impact a person’s ability to drive safely.