Reader’s Question:

I’m planning to buy a car this coming summer. I am a senior citizen, by the way. Is there a way for me to get cheaper car insurance quotes?

Sarah

Charlotte, NC

The first thing you need to know when getting a car insurance quote is the basic knowledge of how car insurance works. A car insurance policy may likely bring you down to a financial ruin if you don’t fully understand what it is for or how much it would cost you.

A car insurance policy’s amount may vary according to its coverage and the discounts that you can get to bring the cost down. The coverage is what you need to determine before anything else because each type of coverage has a corresponding amount. Whatever coverage you tell the insurance agent to add on to your policy is what they will compute. This computation may be high or low. If it is low, you are lucky. If it is high, I suggest you avail the discounts that are available.

One car insurance discount that I’m sure you could get is the Senior Citizen Discount. Typically, companies give a 10% discount on the insurance premium. It is very unlikely that a company will not grant you this discount. However, just to be sure, ask your state’s insurance regulator and see if this discount is mandated by the state and if it covers car insurance policies.

There are other discounts available in the market. You just have to check which one is applicable to you and which car insurance company offers them. If you need more information about insurance companies, you may check the internet and visit the web sites of your local car insurance companies. You may also get your free quote from their websites. Otherwise, you may give them a call or pay them a visit, so you could personally talk to the car insurance agent and ask whatever you need to know before buying that policy.