Car insurance for the elderly represents a response to the needs of a growing market. More and more people who are over 65 years old enjoy a well-health. They feel physically and mentally fulfilled and being able to move on their own is what they want. Although they present unique requirements, there are answers to them.
It is not always easy to find car insurance for seniors tailored to what their age demands. Next, we will analyze the market to know the best options between what they offer and the costs.
Car insurance for the elderly particularities
Car insurance for the elderly must meet specific conditions demanded by this age. Insurance is given without complications to those whose ages range between 25 and 65 years.
Why that difference? Because of the characteristics of each age. Those who are in that intermediate age range receive policy offers at better prices. They are “ideal clients”.
The elderly with deterioration issues typical of their age are the ones who must pay the most for their policies. Insurers outline as an argument that they take medications that slow them down or vision loss. For that reason, your insurance should be more expensive. But the truth is that now these older adults solve these issues thanks to advances in medicine.
A growing market
The elderly usually are incredibly careful and calm when driving. In this way, we will understand why car insurance for seniors is a market that is growing. It is a niche that needs to be covered. Some companies that work in Mexico and cover this need are:
- Qualitas
- Inbursa Insurance
- General Insurance
- The Eagle
- Mapfre
This list goes on since each company that sells car insurance in Mexico has a variant for older people. What do their proposals consist of? They refer, in general, to offering coverage in the following situations:
- Car theft. They will deal with the part previously agreed in the policy.
- Traffic accident. All medical assistance required because of the accident will have payments.
- Death in an automobile accident. Compensation will be available for the person distinguished as beneficiary.
- Civil and excess liability to third parties. It is slightly more expensive, but in case of causing injuries to others or breakage of their property in a traffic accident, they cover it.
- Legal defense. Will provide an advocate if required because of a car accident.
- USA civil liability. The coverage will ensure that the beneficiary has the same scope for damages as in the United States and Canada.
- Car replacement. It will provide a car to replace the one that is being repaired or stopped.
- Technical assistance. The coverage will send a tow truck to assist the vehicle if service is required.
- Management procedures. All procedures related to the car and situations of theft, change of ownership, and loss, among other things, will be covered.
These are the points that coverage estimates when insuring cars for older adults. They are the central issues that every policy must mention and that you must verify when hiring.
Price-quality ratio
According to Condusef and the information that this government body has collected, there are insurers with reasonable and cheap offers. They are car policies for the elderly at affordable prices.
They comply with what was agreed upon and contracted, and their values are reasonable. These companies that offer a fair price-quality ratio are the following:
- BBVA Bancomer Insurance. They have vast coverage and for being the most economical.
- Seguros CitiBanamex. Its affordable prices and the quality and fulfillment of its contracts put it in second place.
- HDI Seguros. TheGerman company quickly adapted to the Mexican market with first-rate service at an affordable price.
- ANA Compañía de Seguros. This company manages excellent values that accompany fine service that accommodates the client’s requirements.
- La Latino Seguros. They Offer policies tailored to their clients at reasonable and very accessible prices.
These five options offer good service, are characterized by meeting their customers, and have “friendly” prices.
Pay attention to these elements
Before deciding on car insurance for the elderly, the best is to visit two or three companies. Comparing what they offer, and their costs are ideal. We recommend that you may:
- Have the assistance of an insurance advisor who knows the market and can make realistic recommendations.
- Verify what limits and excludes the insurance to be contracted.
- Verify, with government sources, if the insurer you are interested in is professionally qualified.
- Verifies that it complies with everything mentioned in the Law of Roads, Bridges, and Federal Auto transportation.
If you analyze your situation and what these companies offer, you can make a risk-free contract.
What you need to know when hiring car insurance for the elderly
Remember that to take out car insurance for the elderly, we advise conducting a general health check-up before starting the process. So, it is convenient to take the elderly to a doctor.
He must evaluate and deliver a report. It will indicate the strengths and weaknesses of the health of the senior who wishes to drive. You should also have general check-ups that include vision and joints.
Doing an annual health check will give you more security when getting into a car. It is always advisable to consult a doctor if any of her health issues may prevent her from driving.
Driving a car is a passion. Thanks to medicine, today people reach 65 years of age in quite different conditions than our ancestors. Being able to drive at that age is a luxury that our elders can afford, but it is necessary to be alert.
