Car Insurance Help for Canadians Over 50

Some seniors today are not quite as Internet savvy as their younger counterparts. This could hurt them when it is time to shop for car insurance. Insurance for those over fifty is typically one of the least expensive types of insurance. Even so, it is always wise to know how to decrease your insurance rates even more.

Things You Can Do to Lower Your Rates:

There are several things you can do in order to lower car insurance rates for those over fifty. First and foremost, shop around. The easiest way to do this is online, so start looking at insurers to see which companies offer the lowest rates. When looking at the different insurance companies, there are some things that will help lower your rates regardless of the company you choose.

1. Age Does Matter But That’s Not All

First, take a look at your car. Is it an older car or a newer one? There are pros and cons to each when thinking in terms of car insurance. If you have an older car, look for upgrade opportunities such as anti-lock brakes, airbags and an anti-theft system. If your car is old, consider dropping the comprehensive and/or collision insurance or at least lowering the amount of coverage. If you have a newer car, check to see if it is a popular car for thieves. If so, your rates will be higher than people insuring vehicles that are stolen less often.

2. Take a Course

There are courses offered specifically for senior drivers as well as other courses such as defensive driving. This will help you not only learn how to watch out for others, but also could lead to discounts on your insurance policy.

3. Check Your Credit

Some insurance companies will check your credit history when you sign up for car insurance. Get a copy of your credit report and check it for inaccuracies. If you find any, contact them to get that information corrected. Just a few bad marks or late payments can really affect your credit score, which will adversely affect your insurance rates as well. Get anything negative corrected if possible, and your rates will improve.

4. Look at Your Deductible

Once you hit your senior years, you may not need such low deductibles due to a better financial position. If you can afford higher deductibles, see how much you can save with them. The higher the deductible, the lower the insurance rate.

Wrapping it up in a Neat Bow

Obtaining or adjusting your car insurance when you are over fifty does not have to be a daunting task. Shop around, ask questions and most of all, ask for discounts. Taking a little time before you start your discount shopping to get your finances, credit report and car in order will pay off in the way of lower rates. After all, seniors have the most experience on the road, so they deserve to get the best rates.