For many people, acquiring an auto insurance policy is second nature when buying a new car. For some retirees, however, getting one is probably a cringing moment because they feel that insurance is more expensive as they age.
However, one retiree, in his MarketWatch article, found out that isn't necessarily true. For drivers aged 50 to 74, their average cost of auto insurance is lower than that for all other age groups. Still, he believes it is a good idea to shop around for insurance and their benefits.
This may benefit elderly residents in Alexandria, Louisiana. Among the roughly 48,300 people living in the city, about 12 percent are 55 to 64 years old while roughly 7 percent are 65 to 74 years old. While many of them are still capable of driving, they can use some insurance to provide appropriate liability coverage.
Appropriate liability coverage may be necessary, given that older Americans have a higher net worth. The coverage applies to damage caused to another vehicle, as well medical bills, lost income, and possible “pain and suffering” of the other person, if any. Retirees who consider the above ought to consult their preferred insurers or, as mentioned earlier, shop around for additional or better insurance.
However, one retiree, in his MarketWatch article, found out that isn't necessarily true. For drivers aged 50 to 74, their average cost of auto insurance is lower than that for all other age groups. Still, he believes it is a good idea to shop around for insurance and their benefits.
This may benefit elderly residents in Alexandria, Louisiana. Among the roughly 48,300 people living in the city, about 12 percent are 55 to 64 years old while roughly 7 percent are 65 to 74 years old. While many of them are still capable of driving, they can use some insurance to provide appropriate liability coverage.
Appropriate liability coverage may be necessary, given that older Americans have a higher net worth. The coverage applies to damage caused to another vehicle, as well medical bills, lost income, and possible “pain and suffering” of the other person, if any. Retirees who consider the above ought to consult their preferred insurers or, as mentioned earlier, shop around for additional or better insurance.