Auto Insurance Discounts For Senior Citizens & Students
While the recession has hit everyone hard, two of the hardest hit groups of people are students and senior citizens. Where once students found it easy to get part-time jobs to help pay for their expenses such as school, clothes and car insurance they are finding that many part-time jobs are now being taken by people with families to support leaving few jobs for them to work while going to school. Senior citizens too are having a difficult time making ends meet with limited incomes and the cost of everything from medications to food on the rise. So, many people in these two groups find themselves looking for auto insurance discounts for senior citizens and students.
However, the question arises just what kinds of discounts can senior citizens and students qualify for and just how much can they save on those yearly insurance rates?
That all depends on the types of discounts you qualify for and the insurance company that is giving the discounts. However, as a general rule many discounts will allow you to save as much as 20% on your car insurance. In many cases that is a savings of between $200.00 and $300.00 a year. While that may not seem like much it can mean a great deal to people who are trying to pay for their education or who are retired and living on a small fixed income.
To complicate matters one of the easiest ways of saving money on teen car insurance simply may not be an option for either students or senior citizens. While increasing your deductible will help lower those premiums most parents of students insist that their child carry adequate insurance to cover their automobile and medical costs in case of an accident. In the case of senior citizens many hesitate to increase their deductible knowing they would be unable to pay a large out of pocket expense should the need arise. Finding those companies that give discounts based on something other than deductibles only makes sense for these two groups of people.
Different companies offer different types of discounts to senior citizens and students so in most cases a bit of homework is required in order to find the company that will save you the most. While both senior citizens and students (as well as other drivers) may both qualify for the same discounts such as taking a defensive driving class, or having anti theft devices on their cars there are other discounts that are special to one group or other such as a good grade discount or the over 50 discount.
Both seniors and students have found that JohnsAutoInsuranceTips.com is a great online resource to find companies that offer a variety of discounts. Visiting this site can give you a great start in learning the types of discounts that are available to you and some of the insurance companies that offer these discounts.
You can also speak to your current insurance company and find out what discounts they offer and whether or not you qualify to take advantage of any of the discounts your insurance company offers. There are also a number of other online sites that will help you find insurance quotes that may lower your insurance.