When you’re a senior and you’re covered by car insurance: What to expect
Insurance companies have been trying to keep a lid on car insurance prices since the ACA was passed.
Now, one company is offering a discount on insurance plans that can be purchased for people over age 65.
It’s called car insurance comparison and it’s part of a new program that will see insurers offering discounts for senior-owned vehicles, according to The Next Weap website.
The program will initially offer discounts to the lowest-priced models that cost between $25,000 and $45,000, and will eventually expand to all of the models sold through the company.
There’s no word on how much the discounts will be, but the website says the average cost will be less than $40 per month.
The company is also offering discounts to drivers of certain vehicles.
A spokesman for the company said the program will be launched in January and will be offered nationwide, with pricing for older vehicles set to start in 2018.
While there is no exact price for the discount, The Next WEap said it will be “more than a penny per month cheaper than the average rates” for a similar car in the same condition, with a one-year coverage period.
We hope this program helps seniors in need.
The Next Website, which is based in California, has also launched a similar program, called car loans, that is similar to the current one.
Senior-owned car insurance is an important part of Americans’ lives, and it can be an investment that helps to provide a cushion against the rising cost of medical expenses.
For more information on car loans check out The Nextweb.com or follow The Next News on Twitter.