Lower Car Insurance Rates for Teens and Seniors

How to Find Affordable Auto Policies for Young Drivers and Older Drivers

Reduce driving risks for teenagers and seniors

Reduce driving risks for teenagers and seniors

If you have some high school or college kids on your auto policy, you probably got a rate shock when you first needed to cover them after they earned a drivers license. On the other hand, if your elderly mom and dad still drives, they may have been shocked when an insurance company that they had relied upon for years suddenly handed them a sizable rate increase.

While middle aged people might enjoy the very best auto insurance rates, the very young and the very old might be considered high risk drivers. However, there are some good things that both teenagers and seniors can do to reduce policy prices.This article covers both younger and older drivers.

Why Are Average Rates for Teenagers and Elderly Drivers Higher?

Both tens and seniors are the highest risk rate classes for age. Insurers see that both groups are more likely to make claims that members of other age groups, so they charge more for coverage. While teens lack experience and possibly judgment, older people may not react quickly or still have acute senses. Additionally, frail elderly people are more likely to suffer from serious injuries in an accident than younger people. However, there are things that can be done to help reduce risks and earn discounts for both teenage and senior drivers.

Under 25 and Teenage Drivers

It’s almost a joke that young adults and teen drivers are likely to have accidents as they are gaining experience and maturing, but it might not be a joke if your son or daughter has a serious accidents. That is why it is important to do everything possible to turn them from teen drivers into safe drivers as quickly as possible.

Adults under 25 and teenagers tend to be considered high risk drivers for a few reasons:

  • Lack of experience and maturity
  • No driving history for a car insurance company to base decisions upon
  • Higher rates of distracted driving accident
  • Higher rates of claims than other age groups
  • Judged as impulsive or poor decision makers

How can you convince an insurance company that your son or daughter is not as risky as his or her age group? Really,  you can demonstrate that you have taken ever possible step to help them avoid an accident.

These steps may result in cheaper car insurance for young drivers with young driver discounts and/or help prevent accidents:

  • Accredited driver’s education schools offer training on the road and in a classroom.
  • Good students earn discounts with many insurers.
  • Typically, combining their coverage with your own may result in a family discounts.
  • Student drivers need to be made aware of the dangers of distracted driving and driving while drinking.
  • Students need to avoid tickets or accidents to keep rates lower and protect their own safety.
  • Consider getting your young driver one of the safer cars that are also cheaper to insure.
  • If your son or daughter only occasionally shares a car with you, see if you can get them named as an “occasional” driver.

Senior Drivers

Older drivers may have lots of experience on the road, and they generally tend to be cautious drivers. You might think they are exactly the opposite of teenagers and should earn good auto insurance rates. However, teens usually have good eyesight, vision, and reaction times. As people age, they may lose some vision, eyesight, and ability to react quickly to different situations on the road. There may even come a time when elderly people really should not drive any long.

However, these are things that can help senior drivers safer and possibly earn senior driver discounts:

  • Defensive driving classes: Some are specially tailored for elderly drivers or drivers with different physical conditions.
  • Consider safer cars: Many cars come with crash-detection systems and other features that help all people avoid accidents.
  • Consider road conditions: Some older people should only drive in the daytime and avoid poor weather conditions.
  • Avoid freeways and busy traffic: Additionally, many older people decide not to drive on freeways and confine themselves to quieter streets.

If elderly people need to reduce their driving or even eliminate it, it might help to find housing that is convenient to mass transportation or have other family members pitch in more to help with appointments and errands.