Maybe, like many retired persons, you’ve been considering an AARP membership. If so, you’ve likely asked yourself if the membership is worth the price.
Today we’re going to answer that question by breaking down the cost of an AARP membership when compared to the benefits you get for being a member. Let’s figure out whether a membership is worth the price.
The AARP is a lobbying group committed to lobbying on behalf of older persons and retired persons. Once you’ve turned 50, you can sign up for an AARP membership that costs $16 per year.
That’s not a terribly high fee, when you think about it. Is it worth it to spend that money, though? Let’s look at what you get for your $16.
Discounts are the main way the AARP says you’ll get your money back through a membership. Namely, discounts at various businesses, such as on rental cars, hotels, cruises and various travel packages are available.
If you’re planning on traveling a lot during your retirement, then maybe an AARP membership is right for you. It’s easy to save big on traveling, which is great when you’re retired and working on fixed income. That’s not all you get, though.
AARP members also get a discounted rate through the Hartford for their insurance. An auto insurance policy through the Hartford, via AARP membership, can often be less expensive than going through other insurance companies.
Keep in mind that many factors can change how much you pay in auto insurance. However, the Hartford, on average, saves AARP members money on their car insurance.
Various other businesses also offer discounts to AARP members. For instance, there are savings to be found at Outback Steakhouse, Dunkin Donuts, discount plans at Consumer Cellular and more.
In short, if you plan on traveling or using the Hartford for insurance, these various other discounts can also be a nice added bonus. Getting even $16 in savings on the things you were already doing can result in your AARP membership paying for itself.