Auto Insurance Advice for Senior Citizens
Senior citizen is a term that means different things to different people. But however you define it, you still need to maintain proper insurance coverage. This is especially true if you drive. While insurance coverage can be expensive for many senior citizens to manage, there are ways in which you can lower your costs while maintaining the proper amount of coverage needed for your situation. Car insurance is required in order to legally drive, regardless of your age.
It's a good idea to sit down with a qualified insurance agent to take a careful review of your coverage. If you are driving more, you may need more coverage. But if you are driving less, then it might be possible to save money on your premiums by getting the right auto insurance coverage.
If you also maintain insurance coverage on your home or life, consider having all your policies with the same company. This practice is known as bundling, and it's a terrific way to save money on insurance. Bundling is more convenient, because it means you get all your bills from one company. You can arrange to pay all your premiums on the same date, or, if it is better for budget, stagger your premiums so they are not a financial burden.
Inquire whether your insurance company offers senior citizen discounts. Many companies also offer discounts to members of groups like AARP, as well as other organizations. If you have more than one driver in your household, inquire about multiple driver discounts and discounts for multiple vehicles.
If you don?t want coverage, or you don't need it, don't buy it. It's not unusual for companies to try to sell you riders to your policy that are not really necessary, but cost you a lot of money. Don't let any salesperson pressure you into buying something you do not want or need. If you tell the agent you are not interested in the coverage and they insist you buy it anyway, then look for another insurance company.
Also, don?t purchase anything you don?t understand. Keep asking questions and have the insurance provider explain it until you do understand. Don?t be embarrassed or afraid if it takes several explanations for you to understand something. Make sure you get everything in writing. Review all contracts thoroughly, and don?t sign anything you don?t understand or like.
If you are not happy with your coverage, shop around. Get quotes on a new policy. Make sure all your coverage needs are met, and that you have the coverage you need without breaking your budget. Even if you are entirely happy with your policy, there's always another company that would like your business. Look before you leap, but be open to saving costs.
Regardless of your insurance needs, make sure you contact a qualified insurance provider. They can examine your situation and offer an insurance policy tailored to your needs, as well as answer any questions about coverage and insurance premiums that you might have.
It's a good idea to sit down with a qualified insurance agent to take a careful review of your coverage. If you are driving more, you may need more coverage. But if you are driving less, then it might be possible to save money on your premiums by getting the right auto insurance coverage.
If you also maintain insurance coverage on your home or life, consider having all your policies with the same company. This practice is known as bundling, and it's a terrific way to save money on insurance. Bundling is more convenient, because it means you get all your bills from one company. You can arrange to pay all your premiums on the same date, or, if it is better for budget, stagger your premiums so they are not a financial burden.
Inquire whether your insurance company offers senior citizen discounts. Many companies also offer discounts to members of groups like AARP, as well as other organizations. If you have more than one driver in your household, inquire about multiple driver discounts and discounts for multiple vehicles.
If you don?t want coverage, or you don't need it, don't buy it. It's not unusual for companies to try to sell you riders to your policy that are not really necessary, but cost you a lot of money. Don't let any salesperson pressure you into buying something you do not want or need. If you tell the agent you are not interested in the coverage and they insist you buy it anyway, then look for another insurance company.
Also, don?t purchase anything you don?t understand. Keep asking questions and have the insurance provider explain it until you do understand. Don?t be embarrassed or afraid if it takes several explanations for you to understand something. Make sure you get everything in writing. Review all contracts thoroughly, and don?t sign anything you don?t understand or like.
If you are not happy with your coverage, shop around. Get quotes on a new policy. Make sure all your coverage needs are met, and that you have the coverage you need without breaking your budget. Even if you are entirely happy with your policy, there's always another company that would like your business. Look before you leap, but be open to saving costs.
Regardless of your insurance needs, make sure you contact a qualified insurance provider. They can examine your situation and offer an insurance policy tailored to your needs, as well as answer any questions about coverage and insurance premiums that you might have.
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
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10:27 AM
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