Low Cost Car Insurance
Reader’s Question:
How difficult is it to find low cost car insurance for a senior citizen?
Billy
Portland, OR
Up to the age of 55, a driver doesn’t have to fret about getting any sudden increases in his or her car insurance rate due to age. Past that limit however, car insurance companies start raising the rate. If by senior citizen you mean a driver past this age limit, then it may be a little difficult to find low cost car insurance. Car insurance companies use age as one of several bases for judging how much potential risk a driver may be to them. This is in anticipation of the possible losses in claims they might incur from the driver. Thus drivers are grouped into classes according to age. There are car insurance for young drivers and car insurance for mature drivers and neither of the two can be called low cost car insurance. Inexperience is the complication that raises the car insurance rates of young drivers. Mature drivers get higher rates because of decreased reflexes and senses. Moreover mature drivers are more susceptible to bodily injury. One way mature drivers can compensate for such high rates is to take a mature driver safety course. More often than not a discount is given to a mature driver when he or she completes this course. It’s not exactly low cost car insurance per se but at least the rate is comparatively lower.