How to Save $200 on Your Car Insurance

Family Handyman magazine suggests in their July/August issue that drivers 55 and over can save $200 a year on car insurance by completing a "senior driver training course." The details:

Most insurance companies offer a discount for each driver 55 and older who takes an authorized driver safety education program (some states mandate this discount.) The initial course is eight hours, and some companies (and states) allow you to take a four-hour online version ($20 per driver.) Classroom rates vary. You'll be a safer driver and can pocket the savings every year. For more information, contact your insurance agent, AARP, AAA or your local adult education center, or search the Internet for "senior driver education."

FYI, in the heading, they claim this tip will save you $200. Just want to mention that's where I got the number used above.

I did Google the words and surfed a bit, but lost interest soon since I'm not even close to getting this discount. I know most of you reading this aren't yet 55 (and are farther away from it than I am), but someone out there might know something about this. Maybe you have a parent or friend that's taken this class. If so, please give the rest of us your insights into the process and let us know if the savings are as good as they say.

Comments

[savvy]

Those under 55 can receive a similar discount for taking a driver safety course. Upon completion, you fax the certificate to your insurance company and receive a discount. (Note that each certification only lasts three years.) I was able to find an online course for ~$40 and took about an hour to complete.

[mapgirl]

Actually regular drivers who pass the Motorcycle Safety Foundation course can get an insurance discount too. Not with all carriers, but it is a driving safety course. :-)

[Bad_Brad]

I found out that my insurance provider (Progressive) provides a discount simply for having a college degree. I told the rep over the phone that that was the easiest $50 I had ever saved. She politely pointed out to me, "Well, you did work several years to earn that degree, sir." I said, "Good point."

[Assurance Obsèques]

It's fact you can always get a deal on your insurance, just ask for it! At least you should be able to get couple month for free if you tell them you will look for another one.

[CEO]

My dad always tell me to shop ahead. Before you buy your next car, check on insurance. Many people assume that SUVs are expensive and Neons are cheap. This is not necessarily true.