Drivers over the age of 65 generally have higher auto car insurance premiums, which are based on a number of factors. But it is possible to find low cost auto insurance after age 65. Age and gender are two statistics that insurance companies consider when determining auto insurance rates. Both younger and older drivers pay more for auto insurance. Younger drivers between the ages of 16 and 25 are generally considered to be at higher risk for accidents. After age 25, rates adjust downward, but you won't get the lowest rates until you reach the 40 to 50 age group. Drivers in that age range have the fewest accidents and the most affordable car insurance. Insurers increase auto insurance premiums for older drivers. Statistical data shows older drivers as a group present an above-average risk, generally because of health problems and poor eyesight or hearing. The increased rates for older drivers can vary depending on the insurance company. Some companies begin rate increases at age 50, others at 60 and most increase auto insurance rates by 65.
Shop for affordable car insurance at least every two years, and make sure that you are getting competitive auto insurance rates. Even if you do not want to move your policy to another company, you should know what the competition is offering in terms of low cost car insurance. Get a car insurance quote online from several online quote comparison sites. Submit your auto car insurance quote requests for the same coverage each time. Make sure you apply with the same number of drivers and vehicles each time, so that you are comparing apples with apples.
Once you find car insurance quotes online, you can negotiate with your local agent or your current company. In some states, auto car insurance carriers can offer loyalty discounts to their long-term customers, so if you have been with the same company for a long time, ask to receive the discount. Other companies may offer discounted insurance through an association, so be sure to consider these sources of low cost car insurance as well.
Premium rates are primarily based on driving safety record, driving experience, and miles driven annually. There are also discounts for those who have participated in advanced driving courses. If your health and eyesight are good, offer medical proof and ask for a discount. Consider taking an advanced driving course - which might be fun! Companies also give discounts if you have multiple policies with the same insurance company, so consider asking for a discount if you have homeowner's or renter's insurance with the same company, or a boat, golf cart, or motor home that you can also insure with them.