It is an unfortunate but true fact that auto insurance is one bill you cannot possibly eliminate from your monthly budget unless you just stop driving altogether. This means that even if you are living on fixed income as a senior citizen, you will have to do a little digging to find ways to save on insurance. There are a few things that are obvious, but there are also some ways to drop costs on insurance that may be difficult to find. Here are five ways you may be able to save on auto insurance as a senior citizen.
1. Take a Driver's Education Course - It is a good idea to talk to your insurance company about defensive or driver's education courses that could help you save money on your premiums. Many companies offer a discount for drivers who provide documentation that they have completed safe driver classes.
2. Change Your Daily Driving Mileage - When you initially purchase an auto insurance policy, your coverage costs are dependent on how much you actually use your vehicle. As a senior citizen, there is a good chance you no longer drive your vehicle back and forth to work. Therefore, you can contact your insurance company and let them know that you no longer drive the car as many miles, which could save you money.
3. Evaluate Your Car - If your car is an older model, it may not be equipped with anti-lock brakes or an anti-theft device. Most insurance companies offer discounts if your car has these features because they improve safety and make it less likely that you will be filing a claim. It may be worth adding some features or trading in your car for something more modern to save on your policy.
4. Ask About Senior Discounts - Once you hit the age of 65, you can get discounts for everything from groceries to clothing, but you may also get a discount from your insurance company. These discounts do not normally just kick in once you hit a certain age. Therefore, ask your carrier about senior driver discounts that may be available.
5. Switch Companies - If you have been with the same company for twenty years, making a switch sounds illogical. However, the insurance company you have had for so long may not be giving you the best price. It is always a good idea to call and get a quote from other companies just to see how much you can save.
Even though car insurance is a necessity, your position as a senior citizen may create ways that you can save when average adults cannot. Contact an auto insurance company like Clase Agencies Inc. for more information.
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