What Is Best Car Insurance For Seniors - Drivers at different stages of life need auto insurance policies tailored to their needs. If you're a heavy driver, you probably no longer commute to work or take long road trips, so you may want to look into an insurance policy that takes into account your reduced hours on the road.
And just as insurance providers look at data on the reckless behavior of drivers under the age of 25 when calculating premiums, they also look at data on health problems that can affect the performance of drivers over the age of 60.
What Is Best Car Insurance For Seniors
If you want to be rewarded for your driving savvy with more competitive premiums, it may be in your interest to get a comprehensive auto insurance policy that fits into your adult life stage.
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A senior auto insurance policy is one offered to people over a certain age (often older than 50 or 60, depending on the insurance provider). These policies usually have auto insurance features or discounts that are tailored to you based on your driving record and the number of insurance claims you've made throughout your driving life.
If you've done a quick search on the internet, you may have come across some specialty insurance providers that advertise policies specifically for seniors. Two examples of this in the Australian motor insurance market are Apia and Australian Seniors.
Billing itself as Australia's leading 50+ insurance specialist, Apia promises "great value products and services" to its key customers. In addition, Seniors Australia promises to 'provide convenient coverage options for those aged 50 and over'.
Now, whether insurance specifically designed for seniors is the right option for you will depend on your situation. To cover all your bases, we recommend collecting custom quotes from various vendors (specialist and more general) and comparing them.
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Of course, one possibility with more specific insurance is that when it comes to making a claim, you'll be dealing with people who know your lifestyle and circumstances best.
You can start shopping for auto insurance for seniors by looking at the following companies that may offer senior-specific policy options. Once you've reviewed them, keep scrolling for more helpful information on driving and buying auto insurance as a primary driver or pensioner.
First things first, when you're looking for a new auto insurance policy as a senior, you'll need to know what the laws are for older drivers in your state or territory. These can change at any time, so it's important to check your local government traffic laws before you get behind the wheel. At the time of writing this document, the rules were as follows.
To keep your driving licence, when you turn 75 on the ACT you will need to submit a medical report from a GP to the Road Transport Authority. You will need to do this every year, as long as you continue to drive.
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In New South Wales, if you are between the ages of 75 and 79, you will need to have a medical check every year to keep your license. At age 80 to 84 you will still have to pass a medical every year, but you may also pass a driving test, depending on the type of license you have.
If you are 85 or older, you must have an annual medical checkup and pass a road test to keep your unrestricted license or obtain a modified license.
Senior drivers in the Northern Territory are encouraged to disclose any medical conditions that may affect their driving.
In Queensland, when you turn 75 you must carry a valid medical certificate when driving. This certificate must be issued by a doctor and show that you are medically fit to drive. Your medical certificate will be valid for a maximum of 13 months and you must ensure that it is always up to date.
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Drivers with a Class C license aged 75 and over will receive a self-assessment form from the South Australian state government. If your doctor deems it necessary, you will have to pass a 30-minute driving test.
Starting at age 85, drivers with any license other than Class C must pass a practical driving test each year.
The Tasmanian Government requests that as you age you continue to have your driving ability assessed. On the Tasmanian Transport Services website, it is recommended that Tasmanians see a doctor if they are concerned about any condition that may affect driving.
As in Tasmania, in Victoria the onus is more on the driver to self-assess their driving ability each year. In fact, Vic Roads insists on evaluating how a medical condition may affect driving, regardless of your age.
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Once you reach the age of 80 in Western Australia, you will need to pass an annual medical assessment to renew your driver's license. Then, when you turn 85, you may need to pass a driving test to continue driving.
So you've got the green light to hit the road, now you're ready to start shopping around for auto insurance policies. The question is where to start? We know you've done this all before, but there's never a bad time to quickly upgrade the coverage levels available to you and your wheels.
This is not an option as it is a must no matter where you live in Australia. It's the most basic level of insurance you can have, and it provides you with liability, should you cause injury or death to others while traveling. It is important to note that it does not provide coverage for your actual vehicle.
Read more about how this type of car insurance works in our guide to CTP insurance in different states and territories in Australia.
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Under a third-party auto insurance policy, costs to repair or replace damaged property that you don't own will be covered in the event of an at-fault accident, but may be reduced by a dollar amount.
This affordable level of coverage will not cover any of the costs of repairing your own wheels. For this reason, seniors often avoid this premium level and opt for a comprehensive policy that will reduce the risk of large unbudgeted out-of-pocket expenses.
Extended third party property, fire and theft insurance provides all the benefits of a basic third party policy with the added peace of mind that if your car is burned or stolen, you're covered too.
Welcome to the most exciting level of coverage. Comprehensive auto insurance policies will support you in a variety of events, including things like storms, fire, car accidents, and if your car is damaged. This level of insurance also comes with higher cash-out rates for things like personal property or towing insurance and little luxuries like having the freedom to choose your excess and adjuster in case something goes wrong.
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In general, this level of coverage is the one most seniors choose. Comprehensive auto insurance largely eliminates the opportunity to make a lot of money if your car is damaged. While there may be some breathing room in your budget, the last thing you need is thousands of dollars in damages to pay out of pocket in retirement.
No matter your age, discounts can be a great way to lower your auto insurance premiums. Some insurance providers even offer discounts for seniors or certain age groups, so keep your eyes open.
Don't let your grandkids have fun online. Older people, like many Australians, can get a discount on their car insurance premiums by buying a policy online rather than in a branch or over the phone.
Years and years on the road have given you the opportunity to accumulate a no-claims bonus, which is probably the most popular way to reduce auto insurance costs. The good news is that your claims-free years can transfer between companies, so don't be afraid to shop around.
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Your days of driving to and from work five times a week or taking the kids to school are over, so you may be driving less these days. Why not save money on your car insurance premium by limiting your mileage? You can even choose a special premium when you handle an auto insurance policy.
For years your children have left you, but now it's your turn to get something. If your children or partner have a policy with a particular insurance company, it's worth seeing what type of discount is available to you by choosing the same insurance company.
Not true: both terms are used to describe insurance policies aimed at drivers of a certain age. It turns out that some people over the age of 60 are receiving the Old Age Pension. Generally qualify for discounts or special policies
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