Retirees are offered a special discount by a good number of insurance companies. The simple logic for this discount is that retirees generally drive less often. A person’s total mileage is a strong factor that determines how much you pay in premiums.

Don’t forget that you qualify for this discount if you’re retired. Get your insurer’s position on this from your agent. If for any reason they don’t have a discount like this, remember to tell your agent about your change in mileage. Unless the change in your mileage isn’t significant, you should shop for another insurer if you don’t get a decent discount.