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There’s a simple unavoidable fact. We all grow older and, when you look around you, it’s obvious the boomers are all reaching retirement age, although for financial reasons, not all are actually retiring. Some years ago, the Insurance Institute of Highway Safety suggested that, as the population aged, there would be a steady increase in claims. In fact, the number of claims by drivers aged 75 and over has been falling. This has come as a relief to the families of seniors. No one wants to play the heavy and take the keys of the vehicle away from a parent or grandparent. Indeed, as more local shops have gone out of business in the bad economic times, being able to drive to malls and shopping centers has become even more important.
So what can families do to protect their seniors and get the lowest possible insurance rates. The answer comes in several stages. The first is health. The more active seniors stay the better. Both in ordinary life and specifically for driving, there are a number of programs run by doctors and occupational therapists to modify vehicles to make them safer and easier to drive. There are also defensive driving courses approved by insurers. The combination of modifications to the vehicle and additional tuition offers discounts. Get as many free auto insurance quotes as possible to check the range of rates on conventional policies.
The next step is to explore the pay-as-you-go policies. This involves fitting technology to your vehicle or adapting the manufacturer’s onboard computers to communicate with the insurers. With proof of low milage at off-peak times, the premium rates are heavily discounted. With confirmation of safer driving practices, the rates come down even lower. Use the access to free auto insurance quotes to get as much information as possible as to what options are available in your state. Once you have the right policy in place, it’s just a case of driving safely and avoiding an accident. Even if this means driving more slowly and keeping to the routes you know the best, this is the best way to keep you insured at the lowest possible rates for as long as possible.
The potential consequences of getting caught driving without insurance are really not worth the risk. You can temporarily lose your driving privilege if your driver’s license is suspended or revoked which can impact other areas of your life. It is better to get cheap auto insurance and drive legally.
Know State Requirements
Each state has its own laws pertaining to auto insurance. You can easily learn about your state laws by visiting your state’s official website. Along with the minimum requirements, penalties for violating the law are also outlined. States are strict about enforcing their auto insurance laws. One way they verify drivers are insured is to send out requests to drivers to prove they had insurance during a specific time period in the past. The state will contact your insurance company to confirm your information. If you did not have coverage, you will be penalized by having your driver’s license suspended immediately.
Minimum Insurance Coverage
Although this can vary by state, the typical minimum coverage required is liability. There are two types of liability coverage: bodily injury and property damage. If you cause an accident, liability insurance will cover the medical expenses and car repairs of the other party. Your own expenses are not covered under liability insurance. And, in most cases, liability insurance will not pay for injuries to your passengers. You can be personally help responsible for costs beyond what the insurance covers.
Understand Rate Calculation
Insurance companies consider multiple factors when calculating rates. The most important risk factors include your driving record, credit score, age, and location. You may be eligible for certain discounts that can help lower your rates. New customers may get a reduction just for purchasing a policy.
Shop Around for Low Rates
If you have decided to get the minimum amount of coverage required to be legal, your best option is to shop around for cheap auto insurance. Aggregator sites offer a one-stop shopping opportunity for drivers by providing free quotes from major insurance companies. You can quickly get cheap auto insurance without the hassle of talking to insurance agents.
People are always looking for easy ways to save money, and car insurance is definitely an area filled with discounts. Many people are not sure how to go about getting cheap car insurance, but it can be as easy as the following suggestions.
Discounts Based on Age
Typically, insurance begins to be cheaper when a person turns 25. These discounts can be as high as 20%, although your driving record will still play a part in the final amount. Drivers between the ages of 25 and 55 typically receive the lowest premiums, as they are considered to be the safest age group as far as drivers go. Some insurance companies will also lower rates passed 25, so compare quotes before deciding on a plan to get cheap car insurance.
Live in a Safe Area
If you live in a dangerous neighborhood, or if you commute to one, you are more risky to insure. Individuals who live in nicer neighborhoods are less likely to have their cars damaged while parked, broken into, or stolen. Also, if you have a long commute you are more likely to get into an accident as you spend more time on the road. These reasons are why your insurance company asks that your address and telephone numbers stay current.
Consider Changing Vehicles
The exact make and model of your car can determine part of your insurance premium. Newer cars mean higher repair and replacement bills, but they are also more reliable. You may end up paying more for insurance if you drive a 20-year-old car. Sports and luxury cars can also come with higher premiums. While you may not drive quickly, these cars are typically able to achieve higher speeds. This makes a sports car a more risky investment for an insurance company, and having a different vehicle might equal cheap car insurance.
Consolidate Your Policies With One Company
Finally, consider choosing one insurance agency to take care of all your insuring needs. Many agencies will offer discounts for multi-policy members, and its more convenient for you because you only have one bill and have to deal with one company. You can often get house, renter, boat, car, and motorcycle insurance through the same company. Sometimes the company will offer health, life, dental, and travel insurance as well. Not only do you get cheap car insurance, but you’ll often get discounts on your other insurance policies as well.