Tips for Saving on Auto Insurance for Seniors

Senior coupleMany companies or services commonly offer discounted prices for senior citizens. As it turns out, that same concept holds true for auto insurance companies.

Senior citizens who educated themselves on the available auto insurance discounts saved money on their premiums and policies, according to financial website FavStocks.com.

A smart strategy began with shopping around and comparing the rates and coverages of the insurance companies in one’s immediate area, said the website. Often, local insurance companies will offer packages specifically designed with senior citizens in mind.

Additionally, 35 states have mandated a 10 percent discount off the cost of auto insurance for seniors who have successfully completed a defensive driving course. These states include California, Nevada, Arizona, and Florida. The article suggested that seniors that don’t live in those states should still check with their insurance provider, since many will give discounts based on the successful completion of those driving courses.

Finally, the report suggested that people who have homes in different states should compare the rates at auto insurers in each state. The best strategy is to list the vehicle in the state that has the most affordable insurance. Ultimately, education is the best tool for seniors looking to save.ADNFCR-3298-ID-19847718-ADNFCR

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

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