Nearly every state requires drivers to carry auto insurance. While this is an expense that you can do your best to budget for, an increase in premium rates can be surprising at best and a significant financial obstacle at worst. It makes sense, then, to try to keep your premiums as affordable as possible; below are a few ways to do that.

How to Keep Auto Insurance Rates From Going Up

1. Investigate Discounts

Car insurance providers often offer discounts, so check policies carefully and consult your insurance agent to make sure you are taking full advantage of all potential discount sources. A good-driver discount is one of the most common, with drivers who haven't received a moving violation in three years receiving lower premium rates. Bundling multiple types of coverage with a single insurer usually comes with a discount as well; for example, many home insurers also provide auto coverage. Active duty, retired, and reserve members of the military are also eligible for discounted car insurance.

2. Maintain Your Vehicle

The newer the car, the higher the cost of coverage. Another way to keep rates down is to stay on top of routine vehicle maintenance. This includes regular oil changes, tire rotations, keeping fluid levels full, and checking the battery. When you get more efficient use out of your car, it will last longer, and that means avoiding a costly investment in a new vehicle—and higher premium rates.

3. Raise Deductible Amounts

The deductible is the amount of money you pay for accident costs before the policy's coverage starts. With higher deductibles comes lower premiums. You should only choose this option if you have enough of a financial reserve to cover unexpected out-of-pocket costs. While higher deductibles can be a viable way to save money, you also don't want to leave yourself in a financial bind in the event of an accident.

The team at Superior Insurance will help you find the most appropriate auto insurance plan for your needs and budget. Since 2009, they have been serving the Triangle region of North Carolina — including Raleigh, Durham, and Chapel Hill. You can request an insurance quote by calling (919) 224-8034 or visiting their website.