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Car Insurance Discounts Tailored For Seniors In Canada
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While many people think that seniors will automatically get hit with higher premiums because of their age, often the opposite is true. Depending on their individual circumstances, many seniors can be eligible for certain car insurance discounts, as listed below.
While many people think that seniors will automatically get hit with higher premiums because of their age, often the opposite is true. Depending on their individual circumstances, many seniors can be eligible for certain car insurance discounts, as listed below.
Special Affiliation / Group Discounts
Senior drivers who are members of certain groups like an auto club, Canadian Association of Retired People (CARP) and other such groups can get special discounts on their car insurance premium. You should ask your group about the details and always ask the insurance company if they can offer you such a discount.
Loyalty / Good Driving Discounts
Many insurance companies will give you a discount if you have been with them for a long period of time – so always ask if this is the case. This is especially true if you have been with the company for a long time with little or no claims history. Having a long term good driving record will usually get you a discount even if you switch to another car insurance company.
Low Mileage / Casual Usage Discounts
If you use your car for mostly short rides and thus put on a small amount of mileage, many insurance companies will give you a discount for this – as it lessens the risk of an accident. Also, if you don’t use your car for road trips or vacations, this also can get you a discount.
Good Health Discounts
Unfortunately, many people – including insurance companies, associate being a senior with health problems. By documenting your good health and being a physically and mentally safe driver, some insurance companies might lower your premium.
Bundling / Family Discounts
By using the same company for multiple needs – such as home, health and life, in addition to car coverage, you can often get a discount on not just the car insurance, but on the other policies as well. Along the same lines, if your children or grandchildren use the same auto insurance company as you, there might be a family discount available.
