Get the best coverage and the best rate!
The two important issues to consider when trying to reduce your auto insurance costs are safety and the possibility of theft. Take a little time to do your research before you buy your car. Insurance premiums are partly based on things like:
You can learn more about car safety at the Insurance Institute for Highway Safety. Just enter the make and model in the handy search box to find your car’s rating. To learn more about which cars thieves target, check out the National Insurance Crime Bureau.
Your insurance premiums aren’t the only expense to consider when trying to find discounts. Your deductible, or the out-of-pocket money you pay before you can utilize your insurance policy, can make a huge difference, too. Requesting a higher deductible could significantly lower your premiums, sometimes by as much as 40%. Consider raising the deductible to $500 or $1000 to reduce costs; just make sure you have that same amount available should you have to
In general, the older your vehicle is, the less it’s worth. Unless your vehicle is a classic car, it might not be cost-effective for you to insure an older vehicle with collision or comprehensive coverage. If your car is worth less than 10 times the amount you pay for coverage, you can reduce your insurance rates by choosing the minimum liability coverage. To find out how much your vehicle is worth, you can look it up online at Kelley Blue Book or ask one of our agents at Wilson Insurance.
You can usually get a discount of 5-15% if you have low mileage. According to the U.S. Department of Transportation Federal Highway Administration, the average mileage per driver is 13,476 miles per year. So, if you drive less than that you could get this discount.
What makes a safe driver? Insurance companies look at:
Everyone likes a loyal customer, so bundling your home and auto insurance can mean significant savings. Multi-policy discounts offer a few pros, too, like:
Earning and maintaining a good credit rating does more than just help you get great rates when you finance your car or home. It can also affect how much you pay for insurance. To get the best rates, monitor your credit scores on a regular basis and do your best to maintain good scores. Your credit scores can be monitored from all three of the major credit-rating agencies here:
If you’re ready to get the most discounts on your auto insurance, Contact us today to speak with one of our agents. We’re ready to help you get the best auto insurance rates in North Carolina. Trust Wilson Insurance Services for your insurance needs!