Auto insurance for seniors in Virginia is surprisingly inexpensive. Typically, older drivers tend to drive less, and therefore are a lower risk for most car insurance companies. Discounts for drivers 65 and older can range from 5% to 20%, depending on the company. And of course, this can result in hundreds of dollars of savings per year as long as you own your automobiles.
We understand that shopping for affordable senior auto insurance in Virginia can be difficult so we have made it easy to quickly compare rates from the best insurers. By entering your zip code at the top of the page, you’ll be able to easily view your options, and if necessary, apply for coverage. Larger companies tend to offer the best rates, so we focus on the bigger companies that have been in business for quite a while.
A common discount used by seniors is completing the “55 Alive” driving course that is available through many AARP local offices. The course concentrates on safety considerations and the importance of understanding physical features about the vehicle they are driving. Naturally, you would have to check for dates, details and availability, but often the discount is as much as 10%. So it is clearly worth the time and effort to take the course. Not all companies, however, include the discount in their rates, although other similar discounts may be available.
Perhaps the biggest issue facing older drivers is the risk of cancellation following an at-fault accident or a conviction for a moving violation. While underwriting guidelines are flexible, it’s safe to assume that senior receive more attention than policyholders in their 30s or 40s. If multiple at-fault accidents occur to the same senior driver (within three years), their Virginia car insurance rates will likely increase substantially. This will occur through a combination of surcharges and lost discounts.
Maintaining good health is another factor that could impact both the car insurance rate and whether an insurer will allow a senior to drive. It is possible that a driver that reaches the age of 70 (or above) will be asked to provide a doctor’s statement indicating they are fit to drive. If this cannot be provided, it is possible the insurance company will exclude driving privileges.
There are some strategies and methods to partially insulate the risk of cancellation. Of course, avoiding at-fault accidents and moving violations will completely eliminate the risk of cancellation due to driving record. Driving slower and more cautiously will reduce the risk. Also avoiding driving in areas that are not familiar will also help.
If you would like to view senior rates from the large carriers, please enter your zip code in the box at the top of the page. We believe you will be pleasantly surprised at the cost of insuring your vehicles and home.
