fbpx Skip to content

The Benefit of Hands-on-the-Wheel Experience: Auto Insurance for Older Drivers

logo

Senior Drivers

Just how valuable is experience when it comes to driving? It turns out that insurance companies reward people for their years behind the wheel. Often, they will offer senior discounts for drivers between the ages of 55 and 70. Older drivers have a lifetime of knowledge driving in dangerous conditions and sticky situations. They have also had many years of practice in adjusting their driving and making split-second decisions. It is precisely the lack of this hands-on-the-wheel experience that lead to such high insurance rates for young drivers.

Another reason why seniors can find discounts on their car insurance is that they tend to drive less. Many of them are retired and, thus, no longer have to commute to faraway jobs. Less time on the road combined with a wealth of knowledge makes insurance companies feel more secure.

Elderly Drivers

So, why is there a popular opinion that senior drivers pay more for auto insurance? Well, after 70, the benefit of driving experience is outweighed by the risks that come with old age. As we get older, vision becomes less clear, reaction times slow, and mental cognition decreases. All of these factors make elderly drivers risky drivers. For example, they are more likely to not see road signs. They are more likely to get into accidents of their own fault for things such as hitting the gas instead of the brakes. Moreover, elderly drivers are also more prone to messing up right-of-way and not obeying stop signs. For these reasons, their accident rates increase. By 85, the rate of collisions for this age group is even higher than that of teen drivers.

Elderly drivers can also be impaired by certain medications they have been prescribed. Due to their physical frailty, elderly drivers are also more likely to sustain serious injuries in an accident. Even small accidents can cause them real harm. It makes sense that the discount seen by older drivers goes away when they reach 70 years of age. Senior drivers can help to reduce the cost increase by taking driver’s education classes, driving safe cars, and being safe on the road. Furthermore, taking care of their health and minimizing the amount of time they spend on the road is helpful as well.

The Takeaway

Overall, the better your driving record is, the better your auto insurance rate will be as you age. The safer you are on the road, the more you will benefit. In conclusion, be aware of the trends and do your research.

Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECENT POSTS

Guide to Open Enrollment: Making Sure You Are Insured for Next Year

December 3, 2019

‘Tis the season! That doesn’t just apply to the holidays, but also to health insurance. You have probably heard the phrase “open enrollment” tossed around either on the news or…

Read More

Life Insurance Needs Assessment: Top 5 Reasons You Need Life Insurance

November 24, 2019

We are all guilty of procrastinating every now and then. Especially when it comes to the somewhat morbid topic of life insurance. We all know that our death is an…

Read More

Health Risks and Insurance Costs of Vaping: Is It Really “Cool to Vape”?

November 14, 2019

For decades, smoking has been advertised as cool, sexy, and trendy. With the invention of the e-cigarette, tobacco companies did not stray from their tried and true marketing strategy. Plus,…

Read More

Evaporated into Thin Air: Unseen Effects of Vaping on Health Insurance

October 31, 2019

Among many of the world’s new inventions, e-cigarettes have become a new craze. A recent article from Reuters reported that roughly 1 in 20 Americans are currently vaping or using…

Read More

Save on Car Insurance: Top 5 Ways to Secure a Cost-Effective Auto Policy

October 17, 2019

We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…

Read More

All Risk Home Insurance Coverage: It’s a Risky Business to Go Without

October 15, 2019

We have all heard the horror stories about people not buying specific insurance coverage and then losing their homes to a tragedy. After an earthquake in California, our neighborhood chat…

Read More

Gap Coverage 101: What You Need to Know About Health Insurance

August 22, 2019

Mind the Gap There are several situations in life that cause people to either change their health insurance, end their health insurance, or have a gap in coverage. I recently…

Read More

Motorcycle Insurance 101: First Time Riders

August 13, 2019

The Cool Commuter When you think of motorcycles, a few things come to mind. Typically, they are thoughts related to the Sons of Anarchy. However, there are actually a lot…

Read More
Scroll To Top
%d bloggers like this: