When it comes to owning car insurance, senior citizens get lower rate of automobile insurance. Some people do not understand how this can happen. This happens because several basic reasons: first, because apparently senior citizens are better driver; as in, they are more careful. They pose less risk of getting accidents, because they drive more carefully than younger drivers.
Second reason is that senior citizen drivers get lower insurance rate is that they drive less compared to younger people. When someone becomes a senior citizen, they will most likely to spend less time driving because they no longer drive to work. Senior citizens also avoid driving during peak hours. They avoid crowded main road and tend drive more carefully.
This leads to a conclusion that with less time to spend during peak hours and less time driving, senior citizens possess the less accidents threat, compared to other age categories. Statistics also supports this age-related driving theory. Even though you normally get discount for your insurance rate, does not mean you should not report your age to your insurance company. Because insurance company cannot guess your age and when you retire, so you will not get automatic discount for it.