I am retiring soon. I would like to know if I can get any discounts on my car insurance. I heard that you can get discounts when you reach between the ages of 50 and 70. Is it true?
Mike
Baton Rouge, LA
Yes it is true. Most car insurance providers extend a discount to drivers between the ages of 50 and 70.
Senior citizen car insurance plays an important role in your monthly expenses. I am sure you want to obtain the best rate possible right now. Here are some of the things you can do to lower your car insurance premium.
1. Ask your insurance agent to compare senior citizen car insurance with other insurers or you can shop around yourself and get as many quotes as possible from other insurers.
2. Inform your agent that you want to get as many discounts that you may be eligible of to lower your car insurance premium.
3. If you do not drive your vehicle on a regular basis, you may be entitled to get low mileage discount. Below average miles of 7,500 on your car can offer you big savings on your insurance.
4. If you are a member of an organization, you may be entitled for discounts as well. Example of an organization would be the The American Association of Retired Persons (AARP).
5. Car insurance agents often compare rates between many insurers so ask your agent to shop around for the cheapest senior citizen car insurance policies.
6. If you have an improved credit standing, you are on your way to an excellent rate.