Retirees Pay Less For Auto Insurance

With More Baby Boomers coming into Retirement and changing trends of more employees working from home shouldn't auto insurance cost less? During One's Working Career Insurance companies usually offered insurance coverage quotes based on the (bi- annual or annual) miles of your commute to work. When most people retire they usually continue to pay the same premium as that is what they were accustomed to. And Why not, in most cases they're usually driving the same car and the same living area. But after Full retirement most are generally running errands, doctor appointments, visiting friends and home before nightfall. So why pay more when you're driving less?

DID YOU KNOW: The Number of miles driven annually is the key factor when insurance companies establish rates. The numbers show that the less miles vehicles are on the road has direct correlation with accident probability. Many companies have a rate for those who drive over a certain number of miles vs those who drive under a certain number of miles. Often times the companies who offer these mileage driven discounts will require the insured vehicle owner to take picture of odometer and send it to the company on annual basis.

With the introduction of driving applications in recent years (telematics), the ability to earn mileage discounts has become considerably easier for both the driver and the insurance company, because the insured enters the mileage into the app a couple times a year.

Telematics, offer individuals the opportunity to earn a better insurance rate, based on driving habits.  With the integration of computers within the auto it allows for data to be recorded and submitted wirelessly, giving insurance companies a more reliable means of measuring driving habits. Research has shown that drivers who score well on telematics are less likely to cause accidents.

Save More on Auto Insurance Premiums Ask for the DRIVE SAFE AND SAVE Program.

 Brien Plaza State Farm Agent

Address                            3320 N Country Club Rd Ste 230 Tucson

Phone                               520-777-7499

Email                                  brien@sftucson.com

Website                            www.sftucson.com

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