Compare Senior Auto Insurance Rates
Reader’s Question:
Is it true that getting auto insurance for a 55-year-old person is more expensive as compared if you are only around 35 years old? I heard this from a friend. What does age has to do with auto insurance rate? Can you explain this? I am from Manchester, New Hampshire.
Dave
Manchester, NH
Every auto insurance company differs from each other. They have their own guidelines in setting auto insurance rate for a particular person.
Some car insurance companies do consider a person who is 55 years old as a safe age. Meaning a person from that age group still poses a lower risk to be insured. Thus, it is still inexpensive to insure a person from that age range. However, some auto insurance companies believe that a person who is 55 years old or above poses higher risk. That is because some auto insurance companies believe that a person’s ability to drive safely decreases as a person ages.
I would suggest asking your auto insurance agent about how age affects a person’s auto insurance rate in Manchester, New Hampshire. Also, bear in mind that auto insurance rate is not based in age alone. There are a lot of factors that insurers consider and one of them is driving record. I would suggest keeping a clean driving record at all times is one sure way of saving on your car insurance premium.
Cheap Non Owners Insurance Policy
Reader’s Question:
Hi, I have a friend who recently got a job here in Sarasota, Florida, and she needs a car to drive to and from work. The problem is they only have one car, and her husband uses it. I was thinking of lending her my car. If something happens while she’s driving, is my auto insurance going to pay for the damages?
Beth
Sarasota, FL
Hi, Beth! To answer your question–As long as she has your permission to drive your car, yes, your car insurance company is going to pay. It doesn’t mean that she has to get your permission every time she uses it–it’s just that you should be able to say that you actually lent her your car. I think, though, that it’s a different thing if she uses your car more than you do. Technically speaking, a car insurance policy is associated with the car itself. However, car insurance companies take note of who the primary driver of the car is also.
One thing you can do is to call your car insurance company in Sarasota, Florida and have your friend added to your insurance policy. If they find out that your friend is the primary driver, and not you, they may say that you have given them false information and not pay. Another thing you can do, and this is better, I think, is to ask your friend to get a non-owner’s policy. This type of insurance covers any car she may drive. But if she gets into an accident using your car, your insurance is who’s going to pay first, and then your friend’s policy will cover the excess amount that isn’t covered by yours.
Will a Speeding Ticket Affect My Car Insurance Rate?
Reader question:
What happens to my car insurance rates if I get a speeding ticket?
Joe
Fantastic question.
There is a high likelihood that nothing at all will happen, because yolur car insurance company might not even find out. Car insurance companies learn about things like DUIs and speeding tickets whenever you first sign on board as a policy holder, and then once you have stared with them they check your motor vehicle report about once every three years to see what’s been going on. If you get your speeding ticket right after you sign on, then they might never even know, since most tickets drop off after three years.
However, even if they do know, in many cases they won’t raise your car insurance rates anyway. This depends mostly on whether or not the speeding ticket that you got was your first one. Like with at fault accident, most car insurance companies are willing to offer you forgiveness for your first serious moving violation without it affecting anything such as your rates or your safe driver discount. It’s also true that in many states the car insurance companies are required to let your first speeding ticket go by law.
Cheers,
Fashun Guadarrama.
First Time Driver Auto Insurance Discounts
When you’re a first time driver, you might be tempted to pick a car insurance policy based solely on the rate quote. You may even go with a company just because you like the discounts and perks that it offers. Both of these are good bases for you to go into a car insurance policy, but they are not the only things that you should consider. Considering that you’re ability to have transportation and your lack of debt are things that are hinging upon your car insurance policy, finding a company that can really back you up is just as important as all of those other factors.
- Who’s got the money?
A car insurance company is no good unless it has actual finances behind. There are thousands of car insurance companies out there, and some of them are as inexperienced as you at your lemonade stand. In order for them to be able to cover the costs of claims when you need them to, they have to have enough money to do so. A company that has a history of bad financial management won’t, nor will a company that has hardly any customers.
So how do you know? If you’re interested in a smaller or a local company, you should always check first, and it’s very easy to do so. All you need to do is see how they come out when the credit agencies rate them. The same way that they accept you based on your credit report, you should accept them based on the same. Multiple As mean the company is good, but you shouldn’t accept anything less than a single A.
- Customer service.
You may not be able to expect the most polite service from the McDonald’s drive thru, but you should be able to expect it from your car insurance company. It’s very simple to find out where your company rates on this scale. All you have to do is search for car insurance reviews, and a bunch of sites will pop up where consumers go to either praise or complain about the company they’re with. You do have to take these with a grain of salt, though. Every company has its problems, and not all of those people will be telling the truth, but a trend of bad reviews means something.
Cheers,
Fashun Guadarrama.
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