7 ways to drive car insurance up or down

Retirement or death
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Retirement or death

Retirement generally translates into lower car insurance. Because you are no longer commuting to work and your car is being used strictly for pleasure, most insurance companies give you a break on your premiums. But the premium reduction isn't automatic.

"Contact your insurance company and let it know when you retire," Lankford says.

In the case of a single person's death, Hungelmann advises that whoever is overseeing the estate should check the insurance agent to determine who, if anyone, is covered to drive the deceased's car.

"Even as executor, you aren't covered (to drive the deceased's car)," he says. "Call the agent and have yourself added to the policy or have the car added to your own policy."




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