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Posts Tagged ‘car insurance for people over 50’

Over 50 Car Insurance – AARP Review

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When you start looking for over 50 car insurance, you will hear two things on a regular basis: Rates go down when you are over 50. Older people are generally safer and more cautious drivers, as long as no other health problems impede their driving skills. The second thing you will commonly hear is: AARP offers insurance to people over 50 – you should check it out.

AARP is a huge group that works politically for the interest of the senior citizens in America (although you can get their car insurance at any age). Therefore, you would think that any car insurance for people over 50 that they offered, would be fantastic…. right? I actually found that feelings were very mixed, and leaned toward the negative for over 50s auto insurance from AARP.

We will start with the positives:

1.) You get a 15% discount if you are a member of AARP

2.) They offer numerous advantages that are difficult to find in other insurance companies, such as:

First time accident forgiveness – As long as all the drivers on the policy are “free of accidents and major violations for the previous five years” Continue reading →

Finding the Right Car Insurance for Over 50s

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It is vital that everyone driving any type of vehicle has some sort of auto insurance. As you get older, and thus more experienced at driving, you should be looking to attain discount on your vehicle insurance. However getting good value car insurance for over 50`s is not as easy as it should be.

Not all companies deem the over 50`s a safe group of drivers. Some statistics show that as drivers get older their driving capabilities get worse. This means when searching for over 50`s auto insurance you will need to put in a good amount of research. It is best to stick to the companies that actually specialize in the age group to start with.

Over 50s car insurance does tend to be cheaper than most for a number of reasons. For a start, a large majority of companies feel that their years of experience behind the wheel, have earned them the right to have lower premiums for their insurance. This, coupled with the vast increase in the actual number of insurers competing for business, has helped to bring prices down for this age group.

The older people get, the less they tend to work, on average. Commuting to and from work is where a vast majority of road traffic accidents happen, the lack of work within this age group again helps to reduce the price of car insurance for people over 50. The facts that they are not on the roads during the peak times of before 9 in the morning, and after 5 in the evening, exclude them from a large number of accidents.

The actual distance that individuals travel at this age does tend to be drastically reduced in comparison to their younger counterparts. The sheer fact that older people are on the road less makes the cost of auto insurance for over 50`s considerably lower. Obviously all of these different contributing factors mean that people over the age of 50 are less likely to make a claim on their insurance. Thus, car insurance for over 50 year old people is often a good value.

Although the rates for the over 50`s are normally low, there are ways in which to bring your premiums down further. At this age, it is extra important to save whatever money you can. The chances are that if you still have an income that it may have been reduced. Many will have retired and thus have no income, so every cent will count. One way to further reduce you premiums is to increase the voluntary excess on your policy. The higher the level of the voluntary excess the lower your premium will become. This can be a little risky, if you are to make a claim you will have to pay out this higher excess. Think carefully about the level that you place the excess and calculate the risk.

A Guide To Finding Affordable Over 60 Car Insurance

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Finding affordable over 60 car insurance is not always the easiest thing to do. Once you are in your senior years, insurance companies consider you more of a threat or danger on the road and therefore rates tend to spike. This can be frustrating thing to deal with since you have probably been driving all your life. Even the elderly with impeccable track records who have never been in an accident can have trouble getting affordable rates.

If you plan to do any driving after the age of 50 or 60 then you are still going to need car insurance. The biggest problem with this is that most people of this age are living off their retirement funds. That usually means they are barely getting by as it is. The last thing they can afford to do is spend a fortune on insurance for their car each month.

We all know how expensive it can be, but the rates can get to a ridiculous level when it comes to senior citizens. They are often treated unfairly and many wonder how on earth they can get reasonable insurance rates.

If you are someone who is looking for over 60s car insurance or even just over 50s car insurance, there are some useful tips that can help you along your way. One tip that will help you get the lowest price on car insurance for over 60s is to take time and compare between all of the given options. This means getting quotes from several different companies. Then you can compare between these and see who is willing to offer you the lowest rate.

The best way to get started is to start writing a list and keep things organized. Look online, watch television for commercials and talk to people you know. If you have friends or family who are also over 60, they will be great to get advice from. There is nothing better than firsthand advice and opinions from people you know and trust. Once you have a basic list made of the different companies you are considering, spend some time doing research.

To get the lowest rates on insurance for people over 50 or 60 you will need to offer personal information to each of these companies. Your name, age and driving history will usually be required in order to get a quote. There are certain comparison sites you can go through that will do this part for you. This way you only have to enter in your personal information once and they will figure out which company is willing to offer you the best rates on insurance.

Two of the major determining factors on how much you will pay are what make and model of car you drive and how clean your driving record is. You can try to negotiate with a company but they are usually pretty direct when it comes to offered rates.

If you are driving a sports car, SUV or other vehicle that is racking up your rates you may want to consider trading it in. This may not have been in your original plans but if it is going to save you paying out more money each month, it is definitely something to think about.

Anytime you apply to an insurance company or even just get a quote, they should be able to let you know different tips and ideas that would work to lower your rates.

Another tip to remember is that there may be extras included in your insurance package you were not aware of. If so, you may be able to exclude these from your monthly package and save as a result.

At least if you need over 60 car insurance you now know the best way to go about it. No one wants to spend more money than they have to and these tips will ensure that you do not. Seniors definitely do not always have it easy when it comes to getting affordable insurance rates but it can be done. Be patient and never rush through something like this. By following these tips, you can get signed up with the right company so you will not have to dread getting your bill every month.