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Experience behind the wheel is a good thing, but age can take its toll. Find out more about senior car insurance here.
If you are over the age of 70, some insurance companies may view you as a risky driver. In addition to recent driving history, your age will affect how your premium is calculated. As you age, your eyesight will begin to fade and your reaction time will get worse, inhibiting your ability to avoid dangers while driving.
Insurance companies know that drivers age 70 and older are 13% more likely to file claims with their insurance policy than motorists who are in their forties or fifties. Due to this, you will see a premium increase once you turn 70. If you are 80 or over, you may have trouble finding senior auto insurance in the first place.
Worry over the rising numbers of elderly drivers and their generally impaired driving skills happens to be expanding. Statistical data gathered from collisions, specifically those accidents in which fatalities are reported, show that elderly drivers are disproportionately vulnerable and at a higher risk for getting involved in collisions which result in fatalities.
In a study which took place in 1997, the elderly population of the United States was 9%. That same year, however, elderly drivers also made up 14% of fatalities in automobile collisions. They also accounted for just over 17% of incidents in which pedestrian deaths were reported.
Here are some statistics on elderly driver automobile accidents:
And it only gets worse when elderly drivers try to travel long distances. Every year, elderly drivers over the age of 85 are nine times more likely to die in an auto-related accident than everyone between the ages of 25-69 years of age.
For elderly drivers, other important factors such as the make/model of your vehicle, where you park your car at night, your reasons for driving, and your required level of coverage will also be incorporated into your premium calculation. To avoid expensive rates, you must augment these attributes as best you can in order to make yourself a more affordable risk for your insurance company.
Statistical data regarding age-related driving accidents shows an increased likelihood of collision after the age of 65 years. And once you hit your 75th birthday, the risk of auto-related fatality increases sharply as well. This is mostly due to the fact that an older body is more susceptible to blunt force trauma and less resilient when recovering from a serious injury. Find affordable auto insurance for seniors today.
While these statistics may be a little hard to deal with, the unfortunate reality is that elderly drivers are at greater risk behind the wheel than younger ones. Yes, even teenage drivers are less risky behind the wheel, mostly due to their quicker reaction times.
But if you are over the age of 70, there are some things you can do to lower your premium, read on about senior driving safety tips. First of all, drive a sturdy car with a high safety rating. Limit your driving time and distance. Keep your license current. And make sure you shop around for the best possible senior car insurance rate.