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


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.


The Importance of Home Inspections and Home Insurance

August 23, 2020

Every home is different, even if they have the same design. Therefore, every insurance policy is created differently. Choosing a home insurance policy is extremely important in the home ownership…

Read More

Kamala Harris as VP Pick: Her Impact on Health Care Policy & Insurance

August 13, 2020

Every day we witness history. This week, Joe Biden made a historic choice for his running mate. According to CNN, Kamala Harris is only the third woman to ever be…

Read More

Car Insurance, Commuting, and Coronavirus: Companies Offer Relief in Uncertain Times

May 25, 2020

Car Insurance is essential for anyone who drives. And the word “essential” has taken on a whole new meaning these days. Our daily lives have changed drastically amid coronavirus and…

Read More

Coronavirus Pandemic Reminds Us of Importance of Life Insurance

May 4, 2020

As of the beginning of May 2020, coronavirus is responsible for almost a quarter of a million deaths worldwide. The coronavirus pandemic has reminded us of all of what is…

Read More

The Healthcare Industry, Health Insurance, and Coronavirus

March 30, 2020

According to CNN, as of March 22, the number of deaths from coronavirus in the United States has risen to 377. As a result, governors in 5 states have issued…

Read More

Kobe Bryant’s Tragic Loss Reminds Us of the Fragility of Life

January 27, 2020

Kobe Bryant’s passing is a terrible tragedy. It’s easy to forget how fragile life is. Unfortunately, we can get caught up in the hustle and bustle. It is not uncommon…

Read More

Purchasing Life Insurance During a Health Crisis

July 8, 2020

There are several things to consider during a global health pandemic. Sometimes the increased messaging can create more fear and lack of understanding than we would like. Our world has…

Read More

Health Insurance During the Coronavirus Pandemic

July 2, 2020

In today’s world, we have never thought more about the health and well-being of our loved ones. Of course, going through a completely unique and uncertain time, we are all…

Read More