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If you’re in your 50s and it’s been some time since you last reviewed your car insurance, it could be worth comparing other options on the market to see what’s out there.
No matter how old you are, it’s always worth considering each aspect of an insurance policy. Over 50s and retirees in particular might want to look for the following:
With the increase in competition among car insurance brands, more and more providers are offering a wide range of discounts and bonus offers to keep existing customers and to get new ones.
Almost everyone has the same coverage options. Picking the right policy involves finding that balance between cost and coverage to get the best value that still meets your needs.
Basic car insurance requirements differ by state, but you’ll typically need liability, personal injury protection and uninsured motorist coverage. New Hampshire and Virginia are the only two states without these requirements.
Turning 50 doesn’t exclude you from needing basic coverage, so you’ll still likely want to have:
Mishaps on the road can be expensive — especially if you’re on a fixed income. The following optional coverages can help buffer those costs if you can afford the premium:
There are no special licensing requirements when you turn 50, and you can start accessing lower premiums by simply comparing quotes and switching car insurance as normal.
But be aware that for drivers who turn 70 or 75, special conditions may apply based on your license type and state.
Compare car insurance companies near you.
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Once you hit your 50s, you’ll often enjoy cheaper car insurance based on your driving experience. But you can always save on your car insurance at any age by comparing rates to find the best policy for you.
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