When you get old, unfortunately, you might lose your ability to drive. However, before you get to that stage, it is important to make sure that you’re paying a fair rate for your insurance. So long as you are healthy, have good eyesight, and memory, you should be able to get very affordable auto insurance rates. Insurance rates tend to be low until you are about 65 years of age. After that point, if you have any health issues, your insurance premium can rise. Once you are 80 years old in Canada, you have to go for testing in order to make sure that you are still capable of driving.

Why Is Insurance High For Seniors?

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Insurance is higher for senior citizens as a result of problems that arise because of aging. When a person ages, it is likely that they are going to become a higher risk behind the wheel due to some of the natural side effects of aging. Things like having slower reflexes, poor hearing, vision troubles and other health problems could cause a senior driver to get into an accident. Studies have shown that drivers around the age of 20 to 24 have the highest risk of motor vehicle death. After that age, your risk of death is lower. However, once you reach the age of 65 to 70 your risk of motor vehicle death starts to rise again.

Can I Get a Seniors Discount on Car Insurance?

One of the biggest benefits of being a senior is that you are eligible for more discounts. Car insurance providers usually provide discounts to customers who are 50 years or older. Sometimes companies also wait until their clients are 55 before providing a discount. Due to this reason, you might want to shop around for car insurance to make sure that you get a seniors discount. On top of your seniors discount, it is also likely you be able to get a discount on the number of kilometers that you drive. So long as you aren’t a traveler, and are a retired citizen, it is likely that you can get a discount for the amount of time that you stay off of the road.

How Do I Make Sure I Stay Safe As a Senior Driver?

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As a senior driver, you can make sure that you stay safe by making sure that you are healthy to drive. This means regularly going for checkups at your eye doctor, hearing specialist, and regular doctor. Whenever a problem arises, it is important to re-assess your driving capabilities to make sure that you can stay safe on the road. Here are some other tactics you can use in order to make sure that you stay safe on the road:

  • Have your vehicle inspected on a regular basis
  • Take a driver’s education course
  • Plan a safe route that does not have as much traffic
  • Read over your medications to make sure that you are safe to drive after taking them
  • Try to avoid driving at night, where it is more difficult to see
  • Attempt to keep up your reflexes by maintaining your physical activity

How Does Car Insurance Work For Seniors Over 80?

The answer to this question really depends on where you live in Canada. Usually, once you are 80 years of age, you cannot simply pay to renew your driver’s license. Once you hit this age, you must go through a series of tests to make sure that you are fit to drive. Generally, you will have to go through a vision test to make sure that you can see properly. A review of your driving record must be done, as well as a group education session which also has a few tests in it. Once you pass these tests, you will be given your license. The whole program only takes around 90 minutes to complete and helps to ensure that the roads in Canada are safe.

How Does Traveling Auto Insurance Work For Seniors?

In order to be able to travel as a senior citizen, it is likely you will have to complete a medical form. A company will use this data in order to determine whether or not you are a risky person to insure. Insurance companies are in the business to make money, not to lose it. So, if you don’t have the best health, you could be denied travel coverage. When you are getting travel insurance always make sure that you read over the whole policy. Sometimes there are clauses in the policy that don’t cover you under certain circumstances. Always know what you are getting into before you sign on the dotted line.

What Happens If I Don’t Declare My Medical Issues As A Senior?

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No matter whether you are getting a license or travel insurance, it is likely that your insurance company can get access to these records. Usually, your doctor will inform insurance company’s whenever someone is deemed to be a medical risk. Due to this reason, it is extremely important to make sure you declare all of your issues. Not doing so can actually give insurance companies the grounds to deny an insurance claim. This is something that you definitely don’t want to run into, which is why honesty is always important. Your insurance rates might be higher, but at least you can be sure that an insurance company is not going to deny your claim if you need to make one.

To Conclude

Car insurance is essential to have to be able to drive a vehicle, even for senior citizens. It is extremely important to make sure that you have the right insurance coverage for your financial situation. The more insurance you have, the less you’re going to have to worry about an accident occurring. However, you’re going to have to pay more on a monthly basis. It is always important to make sure that you know when you are capable of driving safely. Keep your medical situation and your personal health in mind before getting behind the wheel. You don’t want to injure yourself or injure someone else, it simply isn’t worth it.

Resources:

http://www.insurance.com/auto-insurance/auto-insurance-basics/senior-drivers.html
https://www.dmv.org/insurance/senior-driver-discounts.php
http://haasinsurance.ca/ontario-drivers-license-renewal-program-seniors-80/
https://beta.theglobeandmail.com/globe-investor/personal-finance/household-finances/make-sure-your-travel-insurance-policy-fit-your-trip-and-your-health-advisers/article21959236/