Reader’s Question:

I heard auto car insurance companies offer discounts to senior citizens. What other discounts am I qualified for?

Borge

Helena, MT

Though it may seem simple, there are a lot of factors that need to be considered for getting discounts. Most states mandate insurance companies to give discounts to senior citizens reaching age of 50 and above, more commonly referred to as mature driver’s discount. Every senior citizen has the privilege of getting lower premium rates, though sometimes it is never automatically given. You should still make queries about this policy because an agent would not always readily offer it. An insurance company would rarely remind their agents to make this discount available for senior citizens. What a senior citizen should do is to remind their agent about auto car insurance discounts for senior citizens if they are opening an account for the first time. If they currently have a policy, they should always update it, so that their carrier will have the opportunity to review the policy and make such auto insurance discounts available for them.

Mostly, insurance companies offer rates of up to 5 percent to 10 percent discounts for mature drivers. Another one you might want to check is mileage discounts given to senior citizens. This is because the senior citizen age group is deemed less likely to drive or be on the road a lot than those from other age groups. The rationale is that the lesser you use your car, the lesser the probability of you getting involved in an accident – and, of course, the lower the premiums get. Aside from this, seniors citizens are also eligible for retirement discounts; those whose age bracket ranges from 50 to 55 and above may avail this discount of up to 5 percent reduction on premiums.

Tags: auto insurance premium, Car insurance discounts, car insurance rate, senior car insurance