Basic car insurance policy for drivers over 50 years old
A study done in 2012 by the National Highway Traffic Safety Administration revealed that a crash at 31 miles per hour, a woman aged 50 years old would have 10% chance of being seriously injured while an 80 year old would have a 40% risk factor. People over 50, while generally safe from DUI and speeding accidents tend to be very vulnerable to other types of accidents especially left-hand turns and cross traffic.
Basic car insurance for this age group generally focus more on aging and the layering of age-related problems like reflexive action and being able to react in enough time to prevent an unexpected situation. However, there is a growing population of drivers aged 50 and older who are responsible, alert, and physically fit to drive. There is also a greater number of older drivers on the road who would feel lost without their driver’s license, enjoy the feeling of being independent and free to drive whenever and wherever they want.
Most insurance companies understand this and give due respect to older drivers with a more appropriate car insurance plan.
First of all, 50 is not old. But, vision can be problematic especially at night and there are other physical conditions that can affect a person at this age. Fortunately, 99% of the common aging problems at age 50 are easy to find solutions for so driving will not be impaired. The primary advantage for drivers over 50 is experience and most car insurance companies welcome drivers with experience with special discounts. The discounts will depend on the following:
- Driver’s record
- Whether the driver has taken a recent defensive driving course
- Driving time behind the wheel for low mileage discount
- Type and year of vehicle
Unfortunately, the rates will increase with age because of the higher risk factors related to aging. There are ways to keep these higher rates from affecting your insurance budget. You could raise deductible, review your coverage and remove unnecessary coverage, and change the primary driver to a younger person like your children or spouse.
Signs that you should consider cutting down on your driving hours include declining vision, slow to react, loss of focus, and a tendency to get lost when driving or near misses.
There are a few myths about older drivers that you can debunk in case they are ever thrown at you. They are”
- Older drivers are less cautious, tend to get tired faster, drive slower, and are sheltered – In the UK, 19% of all licenses were issued to drivers 50 years and older and definitely 19% of the driving population are not overly caution, slow, or unusually tired.
- Compulsory retirement is gone – No, once you reach a certain age, the agency that issues drivers’ licenses have a procedure to check whether a driver in his 50s or older is competent enough to be behind the wheel. If you do not pass the test, you will be denied a driver’s license.
In addition, drivers past a certain age must report health problems or treatments that may affect driving skills. This does not mean that the driver’s license is automatically revoked or the car insurance is not renewed. It only means that further questioning and documents will be required to prove driving competency.