Auto insurance costs can go up as you age. This is because seniors have higher fatal crash rates than all other age groups except young drivers, according to the Insurance Information Institute "Opens in a New Window". See note 1 But there are some things you can do take to stay safe and keep higher premiums at bay.
1. Keep your mind alert and your body fit.
Stay engaged in physical and mental activities.
Driving is as much physical as it is mental, so everyday tasks like reading books or grocery shopping can help you stay sharp. Also, be sure to introduce different activities into your life, like learning to play the piano or a new style of cooking.
Get regular physicals.
Exams should include vision, hearing and cognitive tests. A medical professional can evaluate you to see if you have any age-related issues that could increase your risk of an accident. They include:
Pupil reaction time
Discuss necessary changes in your prescriptions and driving habits when it becomes hard to read signs clearly, especially at night.
Joint pain or loss of strength
Consider other ways to get around if you're having difficulty steering, using vehicle controls or safely changing lanes.
Trouble processing information
Be cautious at intersections, where failing to stop or yield to other vehicles, motorcycles and pedestrians is a common accident. Change your driving habits, like limiting to daytime, or stop driving altogether when you're unable to recognize traffic signals and respond to other's actions, particularly in unfamiliar areas.
Hearing loss
Use a hearing aid if necessary to help you hear sirens and horns. Keep your radio volume low to avoid distraction. If it becomes impossible to hear road noise or it's leaving you feeling anxious, you may want to find other transportation.
2. Make sure your policy and coverage match your needs.
Qualify for an auto insurance premium credit.
Many insurance companies offer discounts for having low annual mileage or taking a defensive driving course. Contact USAA to ask about our discounts.
Choose a vehicle with automatic safety features.
A safer vehicle may get you a better insurance premium. And using assistive devices like autonomous braking systems, or ABS, and backing sensors can help you drive with more comfort, confidence and safety.
Evaluate your liability and physical damage coverage to match your needs.
Contact USAA or your insurance company to make sure your auto coverage is appropriate for your current stage of life. If your vehicle is older and its value is depreciated, consider adjusting your physical damage coverage to save money. Every year you should review your auto insurance coverage.
3. Be honest with yourself about your driving ability.
Ask a friend, family member or transportation service for help.
Keep up with your medications.
Know the side effects of your medication and ask your physician if it's safe to drive while taking your medication.
Know the requirements in your state.
Several states require older drivers or senior drivers to retest when they get their license renewed. Check your state's motor vehicle department for more information.
Insuring your vehicle
Auto insurance is more than just a bill. Learn
about safety features, driver distractions and more.