As seniors age, their auto insurance premiums can rise significantly. However, there are several ways for older drivers to save money on their premiums. One option is to increase your deductible, which can lower your annual premiums by 15 to 20 percent. Additionally, consider adjusting your coverage based on the age and value of your vehicle, as well as taking a defensive driving course for potential discounts. Many insurers also offer discounts for limited mileage, bundling policies, and signing up for driver monitoring programs that reward safe driving habits. It may also be beneficial to inquire about membership discounts through professional associations or organizations like AAA or AARP. Improving your credit score can also lead to lower premiums, as insurers often consider credit management when pricing policies. Finally, comparison shopping through online insurance marketplace websites or using an independent agent can help you find the best deal on your auto insurance. By being proactive and exploring these options, seniors can potentially save money on their auto insurance premiums.
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