Last Updated 25th of August, 2010

How can senior drivers save money on auto insurance?

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Be sure, if you're a senior driver, to ask your car insurance company about discounted insurance rates. You'll be surprised at how many discounts exist when they sense you may be shopping around.

Learn How Senior Drivers Can Get Affordable Insurance

Each auto insurance company has different policies and different rates. But generally you'll find most reputable insurance companies offer the following discount options for seniors and/or mature drivers:

  • Discounts to senior citizens when opening a new account.
  • Discounts of up to 5% if you're retired or currently unemployed. The qualifying age for this discount, if available, will vary by provider and even state.
  • Discounts for maintaining a spotless driving record.
  • Low-mileage discounts for driving under a certain amount of miles per year. The mileage amount will vary, of course, with each provider offering this savings option.
Also, you might be able to get an auto insurance discount if you:

  • Enroll in an approved drivers training program. More than 60% of states mandate that insurers provide driver improvement school discounts. Depending on provider, successful completion in an approved course can trim your insurance rates by as much as 15%. For help in finding a course in your area, check the yellow pages or call your local DMV for a recommendation.
  • Equip your vehicle with anti-theft devices and automatic seatbelts.
  • Bundle your auto insurance with other existing policies, like homeowners, for instance.
  • Negotiate for a better rate. Many insurance companies will lower insurance rates rather than lose your business.
You may also want to consider soliciting the help of an insurance broker. These people know how the system works and will use their experience to your advantage in negotiating you an affordable auto insurance package that best meets your budget and current driving situation.

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