Tom Martens
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You are browsing the archives of Tom Martens.
Senior citizen is a term that means different things to different people. But however you define it, you still need to maintain proper insurance coverage. This is especially true if you drive. While insurance coverage can be expensive for many senior citizens to manage, there are ways in which you can lower your costs while maintaining the proper amount of coverage needed for your situation. Car insurance is required in order to legally drive, regardless of your age.
Insurance is a confusing business. Odd terminology, fine print and high pressure tactics may keep you from really researching and comparing your options. While quick insurance shopping may get you a policy, it probably wont get you the right insurance policy.
A report from the Brookings Institution estimates that two-thirds of households in the United States would save an average of $270 per year on their auto insurance if they switched to Pay As You Drive insurance. Pay As You Drive insurance premiums are based on the number of miles a person drives. Therefore, there is an incentive to drive less because the fewer miles you drive, the cheaper your insurance premiums will be.
Many drivers dream of owning a sports car, but sports cars can be a nightmare to insure. Fortunately, there are methods of getting the coverage you need without breaking your budget.
Roughly 65 percent of South African motorists don’t have car insurance. That is extremely worrying for the minority who do. What is preventing all these people from assuming responsibility and buying at least the basic cover?