Written by Senior Citizen Auto Insurance: Finding The Right Car Insurance Company
Q: As a senior citizen I’m interested in finding lower car insurance rates as everything seems to be getting more expensive as you get older. Are there any preferred companies for people over the age of 50?
AIS Answer: Your situation is a very common one. Much as younger drivers (under the age of 25) face sky-high auto insurance premiums, older drivers (over the age of 50) begin to see their premiums rise as well.
The cost of insuring a senior citizen is absorbed by all customers, otherwise it would just be too expensive for one person to afford. The customers who end up paying the most are the younger drivers, while middle aged drivers pay the least and senior’s pay a little more than that. It works a bit like Social Security if you look at it in a certain light. Once the younger generation gets older, the new young generation will be paying for the care of the older drivers. The risks of insuring both younger inexperienced drivers and older more fragile drivers are very expensive, and the costs are offset by raising rates of the most high risk drivers and extending lower cost auto insurance premiums to proven low risk drivers.
At any rate, on to the question. Lower priced auto insurance is very easy to find if you know how to look correctly. You an get a quote online by clicking on a “Free auto insurance quotes” you’ll get up to 4 free quotes, and many major insurance companyies will be competing for your business. This is one of many ways to get a quote. You can contact a local insurance agent, visit a major insurance company’s website and fill out a quote online or call them directly.
If you would like to contact specific companies the service senior citizens directly you can try The Hartford (thehartford.com) as they are a division of AARP and cater to the over 50 crowd. It doesn’t mean Thehartford is going to be the best rate for you because there are many factors that go into an auto insurance premium, but much like collector car insurance there are companies that have built a reputation for specializing in a niche market – The Hartford services this niche.
Since The Hartford is a division of AARP, you may want to visit aarp.com and look over their auto insurance options as well. If you are a current AARP customer there may be some rate savings buying auto insurance directly through AARP.
I’m nowhere near the age for AARP, but it’s hilarious when someone hits 50 years of age and all of a sudden they get a little AARP pamphlet in the mail…that’s just a kick in the butt huh?
As for their insurance hartford or otherwise, I’m sure AARP isn’t the only game on the block. Whether a company specializes in providing car insurance to seniors or not, great rates can still be had with other companies.
How is that over 50 means you have higher rates, yet retirement isn’t till age 65? With that being said, older drivers should have to retake their license every 3 years…some of the old drivers just really shouldn’t be on the road.