Insurance is meant to protect you against the financial impact of catastrophic events. However, the costs of premiums can sometimes feel untenable. To help make insurance coverage as affordable as possible, Phillip Kent Beck Agency, a trusted Nationwide® Insurance Agency with locations in Archdale and High Point, NC, offers the following tips for lowering your rates.

5 Tips for Lowering Your Insurance Rates

1. Improve Your Driving Record

A safe driving record is one of the factors that impacts the cost of your auto policy, and one of the few things you have some control over. If you drive defensively, avoid traffic violations, and stay accident-free, you will often qualify for a safe driver discount on your car insurance.

2. Bundle Policies

Insurers usually offer discounts to customers who purchase more than one policy from them. For instance, if you bundle your homeowners and auto insurance policies with the same company, you can often save a great deal.

3. Stay Healthy

The cost of health insurance and life insurance depend in part on your overall health. You can often save money if you quit smoking, stay active, lose weight, and stay healthy. Ask your insurer if they offer any other premium discounts for health initiatives.

4. Improve Your Credit Rating

Surprisingly, your credit rating influences the cost of your auto insurance. Insurers have found a correlation between good credit and safe driving, so you can reduce the amount you pay by getting current on bills, paying on time, and avoiding charge-offs and bankruptcy.

5. Install Security & Safety Systems

You can lower your auto and homeowners insurance rates by installing a security system in your house and vehicle. Moreover, cars with safety features like side airbags, ABS, and stability control often qualify for insurer discounts.

Phillip Kent Beck Agency, an experienced Nationwide® Insurance Agency, maintains offices in Archdale and High Point, NC. They can help you select the most affordable home, life, auto, and business insurance policy possible. Visit their website to request an insurance quote, or call (336) 434-­2111 to discuss your options with a friendly, knowledgeable professional.