Are you nearing or at retirement age and are trying to save money whenever and wherever you can? Are you currently looking for ways to save money on your vehicle, so you can spend your money on other things? For many people, car insurance can be one of their biggest expenses. If you want ways to cut back on your insurance premiums, without completely getting rid of your vehicle, here are some ideas:
Take a defensive driving course: Some auto insurance companies raise rates on their older customers as a matter of course. They may think that your reflexes are no longer what they used to be or that you have half forgotten certain rules of the road. Successfully completing a defensive driving course can prove to your insurance company that your driving skills are just as good as they ever were. Even if you already know what to do in case of an accident or how to prevent accidents, these courses will show your insurance company that you still know these things. When asking about how much of a discount you might get for completing such a course, you may want to inquire as to whether or not completing the same course every few years will keep your premiums from rising excessively.
Ask for senior discount: In contrast to the companies that raise rates on older drivers, other auto insurance companies will offer a discount if you're of a certain age. However, you will have to ask your insurance representative if they offer such a discount because they're not always given out automatically. Only by asking for the discount will you actually receive it.
Get a different vehicle: If you or your spouse had a "mid-life crisis" that resulted in the purchase of a hot rod or fancy sports car, now is the time to trade it in. An auto insurance company will offer lower premiums for vehicles that they consider to be safer or that get stolen less frequently. While it may hurt to trade in a beloved vehicle, the reduction in your insurance rates may help to soothe some of the pain.
Ask about mileage discounts: While many retired people may vacation once or twice a year, they may not drive their vehicle as much as somebody who still works every day. If you usually only drive once or twice a week to go on errands or to various appointments, you may qualify for a low mileage discount from your auto insurance company.
For more information, contact companies like ESI Insurance Agency.
Share11 May 2016
