Divorce, Death of a Spouse, and Auto Insurance Coverage

When one experiences the death of a spouse or the trauma of divorce they are little likely to being placing auto insurance as a priority. The end of a marriage or the lose of a partner can greatly impact what we pay in premiums for insurance coverage as well as the amount of coverage needed. And this can also apply to auto insurance where getting divorced or losing a spouse can affect coverage in many ways.

The place that a car is kept when not being used is a factor in the pricing of insurance coverage. In the event that a spouse has moved out, and is living somewhere else, this can nullify any payout in the event of an accident. A possible worst-case scenario, would see you facing policy cancellation. When the vehicles in question have been classified as joint property, you will usually maintain a single policy together with your spouse until the signing of the final divorce papers and their distribution.

There is usually a change of assets involved and this usually will affect the coverage benefits of a vehicle insurance policy. In the case where there is a divorce or a spouse dies, it is important to take time to review your collision, comprehensive, liability, personal injury protection, as well as the uninsured motorist portions of your auto insurance policy. Now would be a good time to consider add-ons such as towing and repairs, and rental coverage. These are all areas that can suffer if you find yourself uninsured and dealing with an accident as a single person.

The Affect of Reaching a Certain Age on Auto Insurance

There have been studies done the results of which have shown that drivers aged 50-65 are among the safest drivers on the road. Therefore, reaching this age category can often mean greater auto insurance benefits. That is why if you are one of those individuals who have reached the age of 50, you should immediately notify your auto insurer and inquire regarding possible discounts and the possible advantages of policy changes.

If you as a senior were to participate in a safe driving program you might be eligible for policy discounts. Dealing with health issues can also reduce the risk of accidents. These include:

o Having your vision tested
o Having your heart examined
o Being tested for diabetes
o Addressing any possible problems relating to balance
o Beginning a doctor-guided exercise program.

There are also benefits granted to seniors for spending less time on the road. When you retire you often log fewer mile annually which can translate into reduced premiums. Once you reach a certain age however, these benefits may no longer be applicable. For example, once you reach age 70, statistics indicate a greater incidence of traffic accidents.