What is AARP Auto Insurance?
AARP Financial does not offer auto insurance directly, but it does lend its name to the Hartford Insurance company and promotes the program in its literature and on its website. Discounts are available for AARP members that take part in the auto insurance program, which is particularly designed for the needs of retired seniors.
Other People Are Reading
-
Significance
-
The AARP lends its brand name to many other auto insurance companies along with promotional efforts to directly market the insurance programs to their customers. The Hartford Insurance company partners with the AARP for auto insurance. Membership with the AARP is required in most states in order to qualify for the program, but it is not necessary to get an accurate auto insurance quote.
Function
-
The AARP auto insurance plan offered through the Hartford offers several advantages over typical plans. The fact that they have easy access to substantial amounts of information about potential customers through their partnership with the AARP helps them to keep costs down significantly, which translates to better service. The program is specifically designed for drivers over 50. It offers some of the best rates to seniors, who often have to face dramatic increases in their insurance rates as they get older.
-
Features
-
The Hartford offers 12-month rate protection, locking you into an insurance rate for a full year rather than resetting it every six months like most auto insurance companies. Another excellent feature for seniors is the lifetime renewability policy, which allows you to renew your policy every year so long as you fulfill some basic requirements such as not being arrested for driving while intoxicated and paying your premiums on time. The Hartford also replaces a new car if it is in an accident with the same make and model, completely paying for everything.
Effects
-
These and many of the other features offered by the AARP-Hartford plan all add up to considerable benefits for seniors, who face discrimination in the form of higher auto insurance rates from most other companies. The Hartford benefits from the overall lower risk profile that AARP members present as they are well-educated by the organization in the necessity for proper insurance coverage and retirement planning.
Benefits
-
The AARP and the Hartford have been working together for auto insurance for more than 20 years, and they recently signed a contract renewing the relationship until 2020. You can be assured that both The Hartford and the AARP are going to be there for you throughout your retirement. They offer first accident forgiveness and a $100 discount off your deductible when you go to an auto repair shop that partners with the insurance program. While most insurance companies start tacking on the fees, the Hartford and the AARP reward seniors for a lifetime of responsibility and good driving behavior.
-
Resources
- Photo Credit DJShaggy, Flickr
