Best Car Insurance Options for Those 50 & Older Living In Canada

by Nancy

For people over fifty, car insurance options can seem limited and expensive, with premiums often increasing each year. Searching for the best vehicle insurance coverage seems a daunting task, but a necessary evil. However, more car insurance providers offer discounts and benefits to mature drivers which can offset higher premiums.

Besides the usual senior discount, there are also other ways to save money on car insurance plans, including the use of drive-tracking apps, state-of-the-art vehicle safety features, and even taking defensive driving courses. Listed below are some of the best options for senior drivers in the car insurance industry, with their benefits, best discounts, advantages, and more.

Top 5 Best Options for Seniors in Canada

  1. The Co-Operators. Receiving an overall rating of 5 Power Circles from JD Power’s 2019 Canada Auto Insurance Satisfaction Study, The Co-Operators is your best choice for auto insurance in Canada. Excelling in customer service and discounts, the company insures over 1.5 million vehicles and offers insurance lines for many of your life’s needs.
  2. Intact Insurance. Offering a wide variety of insurance options, Intact is one of the top-ranking auto insurance companies for its various protection plans, as well as rewards for customers. The “my Drive” program allows you to save up to 25% on your auto premium based on good driving habits.
  3. The Personal Insurance. Great customer service and plan prices are the main reasons The Personal Insurance made its way onto the list. They also offer Group insurance with exclusive rates. You can file a claim in less than ten minutes on their site and set up a body shop appointment at the same time. There are many options for savings such as driving a hybrid car or having no moving convictions in the last three years.
  4. Johnson Insurance. Offering a good variety of plans, Johnson Insurance will help set you up with the plan that is best for you. They offer a variety of add-ons and discounts to help you save while getting the best fit coverage for your lifestyle. Johnson offers first accident forgiveness and many more benefits.
  5. Belairdirect. If you do not drive often, then Belairdirect has the right plans for you as they offer low mileage savings of up to 15% if you drive less than 10,000 km per year. They also offer up to 25% for safe driving savings. Many of the normal add-ons are also available to drivers.


Additional Ways to Save

Regardless of the company you choose most offer discounts for seniors who take the defensive driving courses. These courses refresh your memory about rules of the road and introduce you to new changes in road rules. You also learn about new road signs that may have occurred since you obtained your license. These courses only take a few hours to complete and you can sign up for them and take them online. Other ways to save on your car insurance is to see if the company you currently have your life insurance policy with also issues car insurance. Many agencies do not like to insure older drivers, but if you have been a long time customer with them, then they are more likely to insure your car as well.