Ways Seniors Get Cheap Car Insurance

Once you reach a certain age, you are rewarded with discounts at some stores, restaurants, and entertainment venues. And, in some instances, you may be eligible for discounts on your auto insurance. Discounts are just one way seniors are able to get cheap car insurance.


Drivers who are at least 50 years old and members of AARP are eligible for discounts from participating insurance companies. The exact amount of the discounts varies depending on the insurance provider's guidelines. Keep in mind the age at which you qualify for the discounts is set by the insurance company. In other words, just because you are eligible to join AARP at 50 does not mean you automatically qualify for discounts offered to seniors if the discounts are contingent upon you meeting age requirements.

Be a Loyal Customer

Staying with the same insurance company over a long period of time and maintaining a clean driving record can result in as much as 10% off your premiums when you reach a specific age. You can find out in advance the types of discounts your insurance company offers to older drivers, especially those who have been loyal.

Drop Medical Coverage

Seniors who have their own health insurance or become eligible for Medicare may want to drop the medical coverage they have through their auto insurance company. You will save money by not having to pay for duplicate coverage. If you are involved in a car accident and are injured, your personal health insurance will cover your medical bills.

Sign Up for Driving Refresher Courses

To qualify for certain discounts, insurance companies may require seniors to complete a refresher course on safe driving to demonstrate you are not a risk to the company. Some companies offer a stand-alone discount for senior drivers who complete safe driving classes. This means you can get a discount just for completing the classes.

Seniors have many opportunities to get cheap car insurance. Taking advantage of as many as possible can result in major cost savings. Cheap car insurance just requires knowing where those opportunities await.

Get the lowest auto insurance rates on policies that offer the best protection for busines

Whether you are a home-based business or a storefront business with a handful of employees, you still need auto insurance on cars you use for company business. When you seek cheap auto insurance, you will be asked if the car is for personal or commercial use. Major insurance companies offer policies for both. Business car insurance provides further protection of company assets in case of an accident.

What to Expect

You will need to supply different information to get a company vehicle insured. The application and approval process can take a bit more time because you may have to provide certain documents to the insurance company. Consider all of your options to make sure you have sufficient coverage. You can still get low rates but those should be secondary to excellent coverage so risk to your company is minimized.

Type of Business

Part of the application process is a detailing of business and daily driving activities. Insurance companies are interested in the amount of business-related mileage the car is likely to accumulate. If you are a home-based business, you will need to carefully document how your personal car is used for business purposes. There are several primary types of auto insurance for small businesses that are based on usage of the vehicle.

Business Credit History

Businesses have credit ratings just like individuals. A poor corporate credit score can cause your insurance rates to increase. You need to be as responsible with your business finances as you are with your personal ones. Pay your vendors on time, do not default on business loans, and maintain manageable lines of credit. Check your business credit through major credit bureaus like Experian.

Discount Opportunities

Two main types of discounts you can get associated with business car insurance is the safe driving discount and reductions for security features. If your company is located in a high-crime neighborhood, you should have a secure place to park your car. An alarm on your car can help you get lower rates. Each year your company vehicle is accident-free, you have yet another opportunity to get cheap auto insurance.