As an adult, you experience some of the best car insurance rates out there. This is especially true if you have a good driving record and have made it a point to keep that record clean. However, as you get older and become a senior citizen you might notice some changes to your auto insurance rates. There are several different reasons for this. Signet Insurance Group is here to talk about senior auto insurance and what you need to expect when you are insuring yourself or your family members in their senior years.
Why is My Car Insurance Going Up as I Get Older?
As you get closer to the age of 70, you might notice that your car insurance is creeping up more and more. This is due to the fact that seniors have a higher chance of getting into serious auto accidents as they age. The main reason for this is the decline in hearing, vision and slower reflexes. This is compounded when combined with some of the other health problems that are common for seniors. Something else that insurance companies will take into consideration is that when a senior gets injured from a fall or a car accident, their medical care is going to be more demanding than someone that is younger. The cost of medical expenses will be higher and so they will have to pay more for insurance.
How Can Seniors Save Money on Car Insurance?
When you turn 60, you will start to see that your insurance rates might start to creep up. There are some things that you can do to lower your rates as much as possible:
– Auto Insurance Discounts: Make sure you’re taking advantage of all the discounts that are available to you. This is much easier when you’re working with a broker that can look into all the discounts you are eligible for and compare rates with companies.
– Pay as You Drive: There are some pay-as-you drive programs that you can take advantage of as well. This is one way that you can show that you are different from other drivers your age as you allow them to see how you are driving and you pay as you go.
– Auto Insurance Coverage: You can also make changes to your coverage that can help save you money on your insurance too. If you’re driving an older vehicle, you might want to switch over to liability coverage. You can also consider upping your deductible if you have the financial security to do so.
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It is important as a senior, that you know what your options are when it comes to auto insurance. This an be difficult to do on your own. When you turn to Signet Insurance Group, we can help you find the best rates available. We will do all the work as we find you the discounts and options that are available for you to take advantage of. Call us today!
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