Thanks to a law that regulates the cost of vehicle insurance in North Carolina, the state now has one of the lowest premium rates in the nation. But there are still things you can do to save even more money.
How to Save Money on Car Insurance in NC
It really doesn’t matter if car insurance in North Carolina is affordable; it’s still an expense you have to pay for. Being able to lower your premium is always a great thing as it can help you save money that you can then spend elsewhere. But how do you actually do that? Here are ten tips to keep in mind:
1. Maintain a good driving record.
Your driving record is one of the biggest factors, which determines your insurance rate. To keep your premium low, maintain a good driving record.
2. Stick with a single provider for all your different insurance policies.
If you opt to get all or at least most of your insurance policies from a single provider, you can get discounts.
3. Have a high credit score.
A lot of insurance providers equate high credit scores with low insurance claims. This is due to a statistical study that has shown that people with lower credit scores tend to get in accidents more often and claim larger payouts as compared to those with high credit scores.
4. Drive less.
The less you drive, the less at risk you are of getting in an accident. This is why drivers with lower mileage on their cars get to enjoy lower car insurance premiums as well.
5. Shop around.
Most insurance providers price their policies competitively. Take advantage of this and shop around. Ask several companies to send you a quote so you can easily compare and choose the best priced one.
6. Ask for discounts.
There are tons of discounts that can be available to you if only you ask the provider for it. Some can offer discounts for those who can pay for the whole amount upfront. Others can give you a percent off if you’ve been with them for a few years already. Just ask for a discount and you might be surprised with how low your premium can be.
7. Raise your deductibles.
The higher your deductibles, the lower your premium will be. Then again, you could also put yourself at a financial crisis should you get into an accident on the road.
8. Enroll in a safe driving course.
Taking a safety course can give you a good discount from insurance providers so it’s worth considering.
9. Buy a car that’s cheap to insure.
If you’re buying a new car, go for one that’s not on the list of make and models that gets stolen often. Moreover, pick a vehicle with many safety features.
10. Choose your coverage carefully.
Some people don’t need extensive coverage so make sure to go through all of them before you start spending money on insurance. In North Carolina, you are required to have liability coverage and protection from uninsured motorists. You should at least have these two and then choose additional coverages according to your needs.
