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Auto Insurance: 4 Tips For Lowering Your Rates After Age 65

If you are an older driver, you probably have low insurance rates. However, there is a point when that suddenly changes. According to the Department of Motor Vehicles, the magic number that increases your rates is age 65. Once you hit 65, you probably noticed that your premiums spiked. While this is unfortunate, it does happen. The good news is that you can lower your rates.

Here's four tips for lowering your auto insurance rates after the age of 65:

1. Enroll In a Driving Class

Even though you know how to drive, you might benefit from a refresher course. Most auto insurance companies reward drivers who take a defensive driving class, because it means they will be safer on the road. The classes are cheap, the courses are fun, and it's a nice way to decrease your insurance rates. Even if you don't learn anything new, you will still reap the benefits.

2. Opt For a Safer Car

Auto insurance companies base your rate partially on your vehicle. An older vehicle with a poor safety rating will cost more than a newer car with a great safety rating. If you cannot afford to purchase a brand new car, consider buying a used car with a good safety rating. Be sure to look for a car that has anti-lock brakes, airbags, and other safety features that keep you safer. It will lower your rates and you'll be safer; it's a win-win.

3. Install Security Devices

Another way you can lower your rates is by installing a security device. An anti-theft alarm or vehicle tracking system will make your car safer, which makes it cheaper to insure. You do not have to opt for the most expensive security system; even a cheap one will lower your rates. It's definitely something to consider, especially if you live in an urban area with a lot of car burglaries or thefts.

4. Drive Less

If you are retired and do not spend time commuting to and from work, let your insurance company know. Auto insurance providers will often lower rates for those who do not drive as much, so it's worth looking in to. You might also want to consider paying for insurance on a usage basis, so that you are only paying for it when you truly need it: when you are driving.

Reducing your auto insurance premium once you've hit 65 may seem difficult, but it's not impossible. Even if you do not reach your previous rates, you can at least lower them and make your insurance much more affordable.

For an auto insurance company in your area, contact a company such as Liverpool Associates.