Each day you get behind the wheel of your vehicle, it’s reassuring to know you’re protected. Car insurance is designed to pay for the recovery costs after an accident. Although coverage is mandatory in North Carolina, you don’t have to break the bank to afford a policy. Here are several ways that you can lower your premium payments.

5 Tips for Reducing Your Car Insurance Rates

1. Maintain a Good Driving Record

If you’ve managed to avoid traffic infractions and accidents, you could be rewarded with lower car insurance rates. A clean driving record means you’ve consistently obeyed safety rules on the road. As a result, insurance providers will typically offer reduced premiums.

2. Take Advantage of Discounts

Most car insurance carriers offer a range of discounts to keep your coverage affordable. For example, incentives are available for having a security alarm on your car and taking an approved defensive driving class. Be sure to ask about all the discounts you’re eligible for, including for having more than one insurance policy with the same carrier.

3. Raise Your Deductible

Consider raising the deductible on your coverage. This is the amount you pay for damages before your car insurance provider picks up the tab. Increasing your deductible can lower your monthly payments. If your budget can accommodate paying a higher amount, be sure you have enough emergency funds stashed away to pay for repairs. 

4. Choose Your Vehicle Wisely

The type of car you drive also has an impact on what you’ll pay for car insurance. Certain models such as high-performance and sporty vehicles may cause more to insure. Looking at historical industry data, insurance providers have found they are more likely to be involved in accidents. Vehicles with strong safety records are typically less expensive to insure. As you shop around for your next vehicle, check its rating with the Insurance Institute for Highway Safety. 

5. Improve Your Credit Score

A high credit score generally means you’ve been responsible with managing debt and other financial obligations. Car insurance providers believe you’re likely to continue the pattern with making on-time payments. Strive to get your credit score in the 700-plus range for more affordable auto insurance coverage. 

For more than 20 years, Dewey Beckner with Allstate Insurance Companies has helped drivers secure budget-friendly coverage. Based in High Point, NC, the professional agent and his team will work with you to create a customized car insurance policy. You’ll also receive personalized attention and money-saving updates when your driving needs change. To get started, call (336) 884-5636 or visit him online for a free, no-obligation insurance quote.