Do senior drivers pay more for car insurance?
For many, a car is an essential asset that enables us to get from one destination to the next. Naturally, with any vehicle, car insurance is essential to ensure that you’re financially covered in the event of an accident.
Senior drivers are also more security conscious than many younger drivers. They ensure that both their property and vehicle are well protected and secured, not only to prevent theft but also for their safety.
How senior drivers can reduce their car insurance premiums
Irrespective of whether or not you are less prone to being involved in a car accident, dropping your car insurance shouldn’t be a consideration. Instead, Lizette Erasmus, insurance expert at IntegriSure, advises that senior drivers apply the following, as this may result in a reduction in premiums:
- Retirement: If you’re fully retired and no longer make use your vehicle for business purposes, inform your insurer of this.
- Security: Declare all additional security measures fitted to your vehicle or home, as this may lead to a reduction in premiums.
- Excess options: Enquire what excess options are available to ensure that your excess structure is based on your individual financial needs.
Along with the above information, always ensure that the insurance that you’ve selected, meets your requirements in respect of cover, premium, excess and service.