Who is a senior citizen is a question that gets different answers from different people. But no matter how you define "senior," it is still necessary to maintain adequate insurance coverage, especially if you drive. While car insurance is a heavy expense for many seniors, there are many ways to lower costs while maintaining the right amount of coverage for your individual financial situation. Auto insurance is required for every one who drives, of course, regardless of age.
Sit down with a qualified insurance provider and thoroughly review your policy. Make sure it still fits your needs. If you are driving more, you might need additional coverage. But if you are driving less, then you could perhaps scale back on your premiums and save some money while still having proper car insurance coverage.
If you also maintain home and life insurance, consider getting all your policies from the same company. This practice is called bundling, and it is a good way to lower your premiums on all your policies. Bundling also makes paying easier, since you only have to keep track of bills from a single insurance provider. If you bundle all your policies, it is also possible to arrange a single due date, or staggered due dates, making it easier to pay premiums on a fixed income.
Ask your insurance provider if they offer senior citizen discounts. Many providers also offer discounts to members of certain groups, like AARP, or other clubs or organizations. If there is more than one driver in your household, ask if there are discounts for multiple drivers or 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.
It's also essential not to buy any coverage you do not understand. Ask questions and let the broker explain coverage until you do understand. There is no reason to be afraid or embarrassed if it takes several explanations for you to get something. Insurance is a complicated business. Also, be sure to get any promise in writing. Look over contracts carefully. Don't sign anything you don't like, didn't expect, or don't understand.
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. - 16036
Sit down with a qualified insurance provider and thoroughly review your policy. Make sure it still fits your needs. If you are driving more, you might need additional coverage. But if you are driving less, then you could perhaps scale back on your premiums and save some money while still having proper car insurance coverage.
If you also maintain home and life insurance, consider getting all your policies from the same company. This practice is called bundling, and it is a good way to lower your premiums on all your policies. Bundling also makes paying easier, since you only have to keep track of bills from a single insurance provider. If you bundle all your policies, it is also possible to arrange a single due date, or staggered due dates, making it easier to pay premiums on a fixed income.
Ask your insurance provider if they offer senior citizen discounts. Many providers also offer discounts to members of certain groups, like AARP, or other clubs or organizations. If there is more than one driver in your household, ask if there are discounts for multiple drivers or 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.
It's also essential not to buy any coverage you do not understand. Ask questions and let the broker explain coverage until you do understand. There is no reason to be afraid or embarrassed if it takes several explanations for you to get something. Insurance is a complicated business. Also, be sure to get any promise in writing. Look over contracts carefully. Don't sign anything you don't like, didn't expect, or don't understand.
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. - 16036
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
