What kind of insurance discounts can I get from insurance providers in Kentucky if I am turning 50 next month. In addition to that I also have a good driving record for several years.

Martina

Lexington-Fayette, KY

Congratulations on having a clean driving record for many years.If you are lucky enough to be retired, some insurance companies will provide a discount to retirees receiving a certain type of pension. There are also some discounts provided to the mature driver however many insurance providers start this discount at age 55.

There are also other discounts that you may want to ask for when renewing your car insurance or starting a new one. Some insurers will give you a discounted rate for low-mileage vehicle use, two or more cars on one policy or having loss prevention devices installed in the car (car alarm, etc). Many insurance providers in Kentucky will give long-time policyholders with no claims and a good driving record or safe driver discount.

Senior drivers who wants to lower the their insurance rates should read and review their policy and must consider the following:

Driver classification- this is the type that defines the amount and type of the car that will be used by the insured senior driver. The usage includes “to and fro work” and the “pleasure only”. Some seniors actually only use their vehicles for special occasions only which can actually decrease the insurance rate because of the decrease in mileage annually. A senior citizen looking for a car insurance should make sure that the insurers are aware of the vehicle usage and should be taken into considerations to lower the premiums.

Drivers history- Insurers use this information in determining the rates for the insurance. It is recommended that all senior drivers should maintain a clean driving history and should get defensive driving courses.

Claims history- This is one factors that is being considered as well. The Texas department of insurance has all the record claims reported to them by the policyholders. So its is important that when you contact an insurance representative, you need to specify that the call is for information only so it wont be recorded as a filed claim.

Financial score- senior drivers need to improve their financial score when finding a low car insurance rates. Stability and debt ration are two of the major factors that are being taken into consideration that may affect your insurance rates. With all the types of insurance, senior drivers may take a time to discuss all this information to an insurance agents so to adjust and change any necessary information to lower your insurance premiums.

Goodluck!

-MariCAR