How Car Insurance Helps Mature Motorists Keep Their Cars
Older drivers in Ireland may be surprised to find their car insurance premiums rising
after hitting a certain age, but there are ways to keep these figures as low as possible.
Mature motorists may have the same financial responsibilities to pay as younger ones. Despite reaching retirement age, they may have to meet mortgage or rent payments, as well as all the other common household outgoings, such as water and heating bills. If you are an older driver, you may not have the advantage of a salary to fall back on and instead rely on a pension.
These circumstances lead some people past a specific age to take their cars off the road for fear they may not be able to meet their car insurance payments, or any associated bills if they are involved in a collision. This can result in loss of independence and freedom, but there are ways of reducing fees, so motors can be used for many years to come. Insurers reward those drivers who are least likely to need their financial services.
Some of these rewards are based on criteria that you cannot change, such as your age. In addition, where you live and whether you are male or female has a significant effect on your premiums. The most expensive fees are paid by younger men who drive modified cars, as this is one of the groups who are more associated with accidents. If you are an older driver, you can attract the awards by making use of your driving history if it is claim free.
Companies recognise that drivers who do not make claims are probably safer and have managed to avoid collisions. After a period of several years this results in a lower premium rate via a no claims bonus. Older motorists are advised to buy their policies from firms who offer these, to cut their outgoings.
Unfortunately a claim may cancel the bonuses and revert premiums to their prior levels, but this is avoided by protecting the reward system. Going down this route means that if motorists do need the services of their insurer following an accident, the bonus remains intact. As well as making use of their clean driving history, mature drivers are free to use the tactics younger ones do to keep premiums low.
This involves swapping large motors for smaller kinds and keeping vehicles locked in garages or behind garden gates. If you find the amount of miles you drive each year falls significantly, you can approach your insurer and find out if it is cheaper to get
insurance based on you lower annual mileage.
How Car Insurance Helps Mature Motorists Keep Their Cars
By: Rochelle Martinez
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