Retirement is a perfect time to travel, spend time with loved ones and review your auto insurance coverage. Since you no longer need to drive to and from work each day, your annual mileage will more than likely drop, which can mean a nice rate decrease for you! Plus, you may also discover that you no longer need multiple cars and that one car suits you just fine. By downsizing to one car you will not only save on gas, but you will also help reduce your auto insurance rate.
Another way veteran drivers can save on auto insurance is by participating in AARP`s Mature Driving Course or AAA`s Mature Operator Program. Many insurance companies provide discounts to seasoned drivers who participate in these refresher courses. So it might be worth a try!
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Blind-spot warning systems are rated the top new vehicle safety technology by seniors, according to research by MIT and The Hartford.
Retirement changes your daily routine and personal finances -- and your health, life and auto insurance policies should adjust with it. Learn about the factors that may reduce your premiums, then compare quotes to save money.
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