If you’re an older driver and you’re looking for some good ways to reduce your vehicle insurance, look no further. Automobile insurance discounts are available for seniors.
Here are some things to consider. Because of the purchasing power of the nation’s seniors, many organizations will pursue long-term relationships with them. This is especially true for products that have monthly or annual costs. One of the most popular such products is auto insurance.
Maintain A Good Driving Record
Older drivers who maintain a good driving record benefit from much lower auto insurance premiums than most other drivers. This is true for several reasons. Older drivers are unlikely to roar off in dad’s sports car with three other kids in the passenger seats and find their way into an accident.
Safe Driving Course
Taking additional driver training is always a good idea, even if you aren’t trying to get a better deal on your insurance premiums. Many insurance companies offer a lower premium if you take a safe driving course. The courses aim to give you better command and control of your vehicle. Additionally, a renewed focus on maintenance and the available safety equipment for vehicles of your type are all highly advisable.
Recreational Vehicle Course
If there are courses available for seniors who own recreational vehicles, they should also be at the top of your list. If you plan to pilot an RV on vacations or for extended travel periods consider a driving course to handle it. The weather, road conditions and traffic laws in areas you might not be familiar with won’t always be friendly. Having proper training can be the difference between an accident and a pleasant trip.
Both the Auto Club and The American Association of Retired Persons offer considerable insurance discounts through various insurers. AAA also offers its own defensive driving skills courses and has chapters and offices throughout the nation.
AARP Auto Discount
AARP offers one of the country’s best package of policy benefits, with excellent premiums. They offer a further reduction for drivers who take a defensive driving course. In addition, they offer a coverage guarantee for drivers who maintain their premiums and continue to carry a valid state driver’s license.
Advantages of Membership
One of the major advantages of the membership organizations is the fact both have a vested and financial interest in promoting their benefits. Asking for advice and recommendations is likely to help you discover all manner of perks and rewards you might have otherwise missed.
Naturally, any older driver should be a member of both these organizations on principle. It should also be pointed out AAA and AARP are not the only membership organizations that offer benefits to older drivers. USAA, for example, has programs for older veterans. Local car clubs might help you qualify for some unique benefits for both you and your vehicle.
Ask your Agent
Insurance agents have access to all kinds of information about their industry that is rarely published. Some insurance companies offer agents incentive programs they can fold into better premium discounts for you. They can also help you time your renewals, so they coincide with a period when premiums are expected to drop. Combining coverage and adjusting things like deductibles and expected driving habits can have an enormous impact as well. Sometimes a discount is just waiting for you to ask.
Regularly Compare Coverage
Most of us want to save money at any age and, as we age, it’s especially important to regularly compare the best auto insurance coverage for seniors. If you want great coverage with the most savings, this article is for you. We’ve researched the best auto insurance providers to determine the best policy options, discounts and perks for you. Companies sometimes offer special programs and discounts to responsible, mature drivers (most insurers offer these coverage rates to drivers at least 50 years old).
If you drive less, want to cut costs in retirement, or realize that you’re long-term premium rates have crept higher over time, consider our top three picks for savings from the best auto insurance companies for seniors.
The Best Auto Insurance for Seniors in 2021
The best auto insurance companies for senior citizens in 2021 appear to be: 1. Amica, 2. Geico and 3. State Farm. The following paragraphs will explain what makes each of these companies an excellent choice for seniors.
Amica ranks first on the list of the best auto insurers for seniors because studies consistently show they want to keep customers happy. According to J. D. Power, that’s why Amica retains customers. Amica is owned by policyholders, not shareholders. In addition, Amica offers dividend savings to policyholders. Depending on the type of policy you buy and your residence state, you may receive from 5-20 percent of your yearly premium back on your policy expiration date.
Loyalty Perks From Amica
Amica also offers other discounts for savings, like multi-policy bundling and claim-free savings. Many senior customers love the loyalty perks from Amica, including:
• Amica loyalty discount. If you’re remained with another auto insurer for a minimum of two years, you automatically save on car premiums by switching to Amica. The amount of the discount gets larger with your loyalty: save 10 percent if you stayed with another firm and Amica for at least six years.
• Amica Good Driver rewards. You may elect this coverage or receive it as part of the Platinum Choice coverage package. Accumulate points when you stay insured with Amica, maintain a safe driver record, and refer family and friends. Use points to eliminate or reduce your policy deductible or prevent rates from increasing after making an auto claim. This feature is like “accident forgiveness programs” offered by other companies.
• Amica Legacy savings. If you stay with Amica for at least five years, you may pass on your discount to children under 30 years of age. Request your car premium quote now.
GEICO offers policies that are designed for the needs of older Americans. The insurer offers many auto coverage savings plans, including a good driver discount (up to 26 percent). In addition, Geico offers membership discounts. More than 500 groups are accepted. Last, there is a discount is you take an online defensive driving course.
GEICO’s PrimeTime program offers guaranteed renewal to those who qualify—1. No accidents or violations within the last three years; 2. Don’t use the vehicle for business; and 3. Don’t allow younger persons to drive the car (less than 25 years old). PrimeTime isn’t available in every state.
Reduced Mileage Deals
GEICO doesn’t offer “pay as you go” programs for low-mileage drivers but it offers reduced mileage deals and lower premium rates. In addition, policyholders receive extras, e.g. “mechanical breakdown” coverage, Mexico car coverage, and roadside assistance.
Because GEICO offers a solid array of discounts and coverage options for older drivers, request a rate quote to save money on premiums. Drivers over 50 receive guaranteed renewal and many discounts. Users rank GEICO first in digital experience. For instance, it’s possible to easily start a claim with the GEICO app.
As the biggest auto insurance company in the country, State Farm has high claim satisfaction and customer service ratings. The company’s local agents provide personal service, so this company is one to consider if you prefer in-person meetings with your agent. (There are more than 19,000 State Farm agents across the country.)
In addition, State Farm rewards safe drivers with one of the best usage-based discount programs available. Depending on your residential state (it’s not available in Rhode Island, California or Massachusetts), it’s possible to save as much as 30 percent on your car insurance premiums with State Farm. If you like digital access, it’s easy to sign up for the discounts on the State Farm app.
If you want to add young drivers to your auto insurance policy, State Farm also offers discounts for drivers less than 21 years of age who complete a driver training course.
It’s easy to get a State Farm car premium quote.
Great Car Coverage Rates
Insuring your car is a necessary financial obligation. That doesn’t mean you must pay too much for it. Compare rates if you haven’t changed insurers in two years or more. It’s smart to save money!