Car Insurance Advice for Senior Citizens
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 have insurance policies on your home or life, look at having all your policies with a single provider. This is called bundling and it?s a great way to save a lot of money on insurance premiums. It also adds convenience and ease to managing multiple insurance policies because you only have to work with a single insurance provider. If you bundle your policies, you can also work with the insurance provider on a single due date or dates for your premiums in order to make managing your bills easy.
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.
Never buy coverage you don't want, don't understand, or don?t' need. Many agents will try to sell you riders, that is, coverage for additional events that are often not necessary and always cost you more money. Never feel pressured into buying something you don't need. If you inform your agent that you are not interested in the rider and they insist you take it anyway, then it's time to find a new 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.
Finally, if you insurance company is not providing the coverage you want and need, it's time to shop around. Get quotes on a new policy. Make sure your coverage meets your needs and that you have bought the best policy on the market. In fact, even if you are totally happy with your coverage, there is likely to be another company eager to offer you a better deal. Just look before you leap.
No matter what your insurance needs, always be sure you buy from an authorized and licensed insurance agent. They can help you examine your situation and offer a policy precisely tailored to your needs, and answer any questions about coverage and premiums.
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 have insurance policies on your home or life, look at having all your policies with a single provider. This is called bundling and it?s a great way to save a lot of money on insurance premiums. It also adds convenience and ease to managing multiple insurance policies because you only have to work with a single insurance provider. If you bundle your policies, you can also work with the insurance provider on a single due date or dates for your premiums in order to make managing your bills easy.
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.
Never buy coverage you don't want, don't understand, or don?t' need. Many agents will try to sell you riders, that is, coverage for additional events that are often not necessary and always cost you more money. Never feel pressured into buying something you don't need. If you inform your agent that you are not interested in the rider and they insist you take it anyway, then it's time to find a new 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.
Finally, if you insurance company is not providing the coverage you want and need, it's time to shop around. Get quotes on a new policy. Make sure your coverage meets your needs and that you have bought the best policy on the market. In fact, even if you are totally happy with your coverage, there is likely to be another company eager to offer you a better deal. Just look before you leap.
No matter what your insurance needs, always be sure you buy from an authorized and licensed insurance agent. They can help you examine your situation and offer a policy precisely tailored to your needs, and answer any questions about coverage and premiums.
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
posted by Credit Counseling at
10:56 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home