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Get the Best Senior Discounts for Auto Insurance

April 29, 2016

When it comes to auto insurance discounts, the number of discounts that are available to people over the age of 50 aren’t many. You may not even be aware of the discounts you could be getting. As a more mature driver, there are plenty of auto insurance discounts for which you may qualify. We’ve pulled together a lot of discounts for which you may qualify. Take a read then contact your insurer and see if you’re getting all of the discounts you deserve.

Senior Discounts Require a Little Legwork

Close-up of senior couple embracing each other against white backgroundDon’t worry, it’s not too much. One of the best ways to gain an auto insurance discount is to join a group such as AARP or AAA. These groups give you access to affinity group discounts which typically lower auto insurance prices 5-10% depending on the state you live in and your insurance company.

Another great way to lower the cost of your auto insurance is to take a senior driving course. These courses are aimed at refreshing your existing skills, updating your driving knowledge, and making sure you are a safer driver. These senior driving programs are typically short and relatively inexpensive. Some states even mandate that an auto insurance company must lower your premium if you’ve taken one of these classes, so they are a great place to start.

Your Insurance Rates May Already Be Low

According to the NAIC’s (National Association of Insurance Commissioners) InsureU webpage, drivers between the ages of 55 and 70 may already be getting some of the lowest rates possible. They’re in the insurance “sweet spot”. These are mature, experienced drivers and the insurance companies know that. That’s why their rates are some of the lowest around. This fact remains true up until about the age of 70 when driver’s often start to experience a decline in faculties that can present additional risks when driving.

Retirement Comes with Discounts

Dream MachineRetirement changes a lot of things—and one of them is your auto insurance premium. Once you’re retired you no longer commute to work, which means you drive less and therefor are less of a risk to your insurance company. That’ll earn you a discount on your premium. Don’t wait for your company to figure out that you’ve retired. Call your agent and let them know; be sure to ask if there are any discounts for which you qualify, but aren’t currently getting. Find out if your insurer provides a loyalty discount to customers who’ve stayed with them for a certain period of time. This is a common discount in the insurance world and can often take about 5% off your premium.

Senior Discounts for Car Insurance Not Enough?

In the event that you feel like you’re still paying too much for car insurance, even after applying the discounts we mentioned above, then it’s time to take a different approach. Comparing car insurance is the best way to find the lowest price on car insurance. It used to be a very time consuming process, but we’ve made it simple. All you do is put in your information as you would on any car insurance website, but instead of just getting one quote, you’ll get several. You can then compare them side-by-side to see which company offers you the better value (not just the better price).

Looking for More Ways to Save on Car Insurance?

Check out some of our other articles for tips on how you can lower your auto insurance costs.

How to Get a Discount on Car Insurance with a Driver Safety Course

How to get an Affinity Group Discount

How to Save Money on Car Insurance


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