North Carolina Insurance Rates have Increased: Here’s How You Can Save Money


The cost of car insurance can be extremely high for many motorists such as younger drivers and those with a history of making claims. However, in North Carolina, it is all motorists that suffer, as the impact from the actions and claims of others results in premiums being increased across the board.

On top of this, a recent report has indicated that North Carolina insurance rates are set to increase by another 1.6 percent as the result of a settlement between the North Carolina Rate Bureau and the North Carolina Department of Insurance. For those who are already struggling to keep up with their car insurance premiums, this rate increase comes as a big blow, as it means that their finances will be even tighter.

Taking Steps to Minimize the Impact

Naturally, motorists in North Carolina are already tired of seeing their insurance premiums rise because of claims made by others. However, this added increase will cause further strain on finances, which could put people under a lot of stress and strain. As a result, more and more people in North Carolina are keen to find ways to reduce their premiums, and in this article, we will look at some of the ways in which you can save money.

If you want to find the best auto insurance for you at the right price, you need to ensure you do some research. Going online to compare different policies and prices is vital if you want to ensure you don’t pay over the odds. Fortunately, this is something you can do with ease these days thanks to internet technology and the number of service providers that now offer great deals online. You can compare prices and policies at a glance by going online, which makes it much easier for you to reduce your premium costs without having to compromise when it comes to the suitability of the plan you choose.

Some people pose a bigger risk to insurance companies, even if they have never made a claim or been involved in an accident. For instance, if you park your car on the street more often than not, you may be seen as a higher risk because there is more of a chance of malicious damage or theft. Wherever possible, make sure you park your car in a secure area such as secure car park while at work or on your driveway or in your garage while at home. This them reduces the risk you present to the insurance company, which can have an effect on your premium.

You should also look at making use of modern technology in order to help bring your insurance premiums down. Of course, you should make sure your vehicle has at least a basic alarm system, as this can help to prevent crime, thus reducing the risk of a claim. In addition, you can look at getting a dash cam fitted, as this will enable you to provide proof if you were involved in an accident or incident that was not your fault, which again means you pose less of a risk to your insurance company. Finally, you should consider having a tracker fitted, as this increases the chances of your vehicle being recovered in the event of theft.

Helping to Slash the Cost of Cover

When you take these steps on board, you can help to reduce the cost of your insurance coverage, which means that your finances will be far less strained. These are all simple steps but can prove to be very effective in terms of keeping your costs down.