Age is a crucial factor in deciding the premium rates of insurance policies. Drivers above the age of fifty are generally referred to as senior drivers by the insurance companies and are put in the high-risk category causing them to pay huge auto insurance premiums.
But, there are some steps and measures that can be taken by these so called senior drivers to save their hard earned money by cutting down the insurance rates. Lets shave a look at some of those measures:
Defensive Driving course: The best and the easiest way to slash down the insurance premium, if you are a senior driver, is to do any such course and pass the defensive driving test. Drivers who have passed this test are believed to be efficient in managing even the odd situations on the road.
Group Insurance: Group insurance policies can earn high discounts in addition to the mutual benefit to the group members.
Reduced Driving: Reduced Driving can help in cutting down auto insurance rates. Driving less and using your car only when it is much required comes to your help if you come in the category of senior drivers. Special discounts on the premium rates are given by insurance companies if the mileage of your car is within the limit set by them.
Model of the car: Safer models of your cars can also earn you heavy discounts on insurance rates.
Safety features Installation: Installing safety features in your car in order to equip your car to avoid accidents definitely brings down premium rates.
Shopping around: There are many insurance companies that specialises in auto insurance for senior citizens and getting auto insurance done from such companies, after shopping around to see which company offers you the best deal is sure to reduce your insurance rates and premium amount.
Above all, a good driving record is necessary if you want to buy an auto insurance policy at a cheaper rate with small premium amount.