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If you’ve been driving safely for years, you should be rewarded with a competitive car insurance policy that gives you the freedom you want to stay on the road.
You may wish to upgrade or downgrade your car insurance in your senior years, depending on your needs and budget.
If you’ve had your car for years and are attached to it, as many seniors and car enthusiasts are, you’ll want to make sure you’re covered to get it repaired or, at worst, replaced if it is damaged in an accident. Comprehensive car insurance generally covers damage to all affected vehicles and property if you cause an accident.
If your car has seen better days and you’re not sure that it’s worth insuring anymore, you may want to consider Third Party Property or Third Party Fire and Theft. Both insurance types will cover your legal liability for other people’s vehicle and property but not your own in a road accident that you cause. Third Party Fire and Theft, however, goes one step further and protects your car if it is stolen or damaged by fire.
Affordable car insurance often comes down to a few factors, including a good driving record. A good record, clear of accidents and traffic violations, could significantly reduce the cost of seniors car insurance.
For safety, seniors should stay on top of health ailments that can affect driving. Slow reaction times, hearing loss and poor eyesight are common factors that affect seniors, so getting tested for a hearing aid or pair of glasses can be the best way to ensure you maintain a good driving record.
Apart from a good driving record, there are other ways that may help to keep your car insurance premium affordable:
Seniors with years of driving experience should also be able to take advantage of a good No Claim Bonus or No Claim Discount, which rewards good drivers.
These articles are provided as reference material to allow more informed decision making, but are not intended as being a complete source of information on any topic. All readers should make their own independent analysis on the topic to make sure they have considered the aspects that are important to them.
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