For most drivers over the age of 55 years, car insurance can be more expensive every year, even if they did not cause an accident. The insurances often justify the premium increases by saying that seniors have an increased accident risk in road traffic. According to the Federal Statistical Office, older people are relatively rarely involved in traffic accidents in terms of their share of the population. Only from the age of 75 does the accident risk increase. Experts explain how older motorists can save more than 150 dollars a year on motor insurance.
Tips to insure your car cheaply:
Compare prices
The premium for older people is not the same for all insurances. That’s why it pays to compare cheap insurance rates every year, for example with reference computers on the Internet.
Discounts for accident-free driving
Especially worthwhile is a comparison for all those who have already driven an accident-free car for 35 years (damage-free class 35). You will not receive any further discounts afterward.
Note deadline
For many insurers, you must cancel by the deadline to be insured with a company as of January 1st. Without termination, the contract will automatically continue for one year.
Reducing mileage
Policyholders often set the number of kilometers driven too high. Compare the statement on the bill from the previous year with the kilometers that you actually drove. If you can reduce the value, this leads to a slightly better premium.
Use younger contractors
If you have a younger spouse or children, you can include them as the main insured in the contract and thus often significantly reduce the premium.
Ask for discounts
Tell your insurance company that you are dissatisfied with price increases and have already found a better deal. With a little luck, you can get a cheaper deal without having to change.
Cancel in writing
Cancel your insurance by registered letter with acknowledgment of receipt. Name the license plate number, the number of the insurance policy and the time of termination. Do not cancel until you have a contract with the new insurance.
Check type of class
Insurance classifies cars in type classes. The higher the type of class, the more expensive the premium. If you want to buy a new car, you can choose a model in the category class overview that is particularly favorable to insure.
Check your insurance coverage
Comprehensive insurance is mainly suitable for cars up to the age of five years. Then you should check whether the existing no claims discount for the continuation of the comprehensive insurance or partial coverage insurance is cheaper. For very old cars, comprehensive insurance is not advisable, since damage only the low value of the vehicle is replaced.
Properly negotiate with the insurance
Those who are satisfied with their car insurance and do not want to switch to a cheaper provider can first try to negotiate better conditions
Prices researched on comparison portals like https://www.cheapautoinsurance.com/ are good arguments in the negotiation for better conditions. Make absolutely sure that the same terms are offered with the competition as with the already concluded contract.
