To serve mature drivers, some auto insurance providers offer specific discounts for seniors. These include GEICO, Progressive, Allstate, and Farm Bureau. Most of these companies require a safe driving course certificate, which can be difficult if you have a limited budget. State Farm offers a defensive driving discount for seniors, although the discount is available to drivers of any age.
Like most insurance companies, State Farm doesn't offer a senior discount that automatically reduces rates for all older drivers. Even if you have an excellent driving record, your car insurance premium is likely to eventually increase during your last year. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy. These companies have the best car insurance for seniors because of their low premiums, excellent customer service, and high ratings from WalletHub publishers.
The car insurance score is a number based on your credit history that is used to predict your likelihood of filing a car insurance claim, while your credit score is used to assess your ability to repay the money you borrow. Car insurance companies often use your car insurance score to determine your premiums, along with other factors, such as your driving history, age, car make and model, and zip code. Through a partnership with AARP, The Hartford offers auto insurance for seniors, including special features for policyholders over 50. In addition to qualifying for discounts on car insurance for seniors, drivers can also choose to get other discounts not specific to their age.
One form of car insurance for seniors is pay-per-mile insurance, which charges you based on the miles you drive. This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. You can get an adult driver discount on car insurance if you're a driver over 55 who completes a defensive driving course. Some insurers offer specific auto insurance policies for seniors, but they often require the driver to take a DMV-approved road safety course to qualify.
While taking out car insurance with no down payment will allow you to insure yourself with the lowest down payment, paying in full will save you more money in the long run. Auto insurance discounts for seniors usually take effect between the ages of 45 and 55, depending on the provider. In addition to the North Carolina auto insurance discount, other discounts are available to customers. Individual rates vary by driver and company, so the best way to find cheap coverage for a 65-year-old is to compare quotes from several insurers.
Older drivers pay more for car insurance because they are more likely to be involved in accidents and suffer serious injuries.