You Don't Have To Pay More For Car Insurance As You Age
by: StevenA.Smaldery | Total views: 6 | Word Count: 596 | View PDF | Print View
Once you reach the age of 70, your car insurance premiums will rise. Car insurance for the elderly can be expensive, regardless of your health and acuity - you may be the picture of health, but of course, not everybody is at this age; meaning that insurance premiums will be more expensive. Statistically, people over the age of 70 have more accidents, many of which are in part due to their physical limitations. Unfortunately, this is also an age group who tend to be on a fixed income.
Some of the limitations caused by aging include visual impairment, mobility issues and occasionally lack of awareness in some cases. Reaction time slows the older a person gets and car insurance companies realize this.
When it comes to people in this age group, physical and mental health vary greatly. However, this is something which is not taken into account by the insurance companies. Even with a prefect driving record, you may find your premiums increasing dramatically. It's not you - it's your age. If you want to get cheap car insurance, this does not seem to bode well for you. Happily, there are ways to get cheaper car insurance for the elderly.
You should begin shopping around for insurers before you turn 70. Give yourself a lot of time to switch insurance companies if you need to in order to get a better rate. You have to know exactly which level of coverage you want to have from your new insurer. You should shop around for quotes which include the same amount of coverage which you are currently carrying. The deck page for your insurance policy will lay out all of this information.
By looking online for car insurance quotes, you can save a lot of time; not to mention a lot of money. By just filling out a few forms, you can get many different insurance quotes all at once. While you could just go with the cheapest quote, you should be sure to check out the reputation of any insurance company you are thinking of switching to - there are hundreds of companies out there; check into any company you do not recognize; you can Google them and check online with the BBB to see if they have had a lot of complaints filed against them.
You need to look carefully at the coverage that is offered with the quotes. For liability coverage, there is single coverage and split coverage. These are equally good; in single coverage, for example, there may be a limit of $100,000 which covers all costs. Split coverage will be listed as something like 50/100/15 - this means that the insurer will pay up to $50,000 per person per incident, up to a ceiling of $100,000 for bodily injury and up to $15,000 for property damage.
You should also look at the deductible on your car's coverage. The higher this deductible is, the lower the cost will be for you. If you see a higher deductible and lower price in the quote, then this might show you that you may be getting less coverage, not a good deal.
Finally, when you're checking rates for car insurance for the elderly, find out how that company handles claims. This is not whether they pay them or not, that should be discovered earlier. Find whether they use local adjusters, a specific adjuster or do it all by repair quotes and over the phone. If you're satisfied with the answers and the price is lower, it's one way to get cheap car insurance no matter what your age.
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