NC Auto Insurance Tips



INCREASE DEDUCTIBLES- Another way you can lower your premium is by increasing your deductibles. You can choose the deductibles on your comprehensive and collision coverages. In doing this you will want to consider how much of a loss you can afford to absorb if you have a claim.

SHOP AROUND (COMPARISON SHOPPING)  Shop around, you may find substantial differences between quotes. Make sure you are comparing identical coverages when comparing companies. Make sure you are dealing with licensed agents and companies.

CREDIT BASED INSURANCE SCORING- Most insurers use the information in your credit report to calculate a credit based insurance score. They do this because studies show a correlation between this score and the likelihood of filing a claim. Credit- based insurance scores are different from other credit scores.

PAYING YOUR PREMIUM- Pay your premium in full.  Also, pay on or before the due date to avoid the risk of cancellation.

BEFORE YOU BUY A CAR- Before you buy your car ask about the cost of insurance. Some makes and models are higher risks than others and could result in a higher premium. With a few models, you may have trouble finding companies willing to provide Other Than Collision (Comprehensive) and Collision coverages.

DRIVING RECORD- Try to maintain a clean driving record.  A key element in determining your rates is your driving record. Remember that insurance points will remain on your record for three years from the conviction date for moving violations or accident date.

PARENTS OF TEENAGERS-If your child does not own a car, make sure the insurer knows which car the teen will be driving and whether it will be primary or occasional use.

COVERAGES- If you have an older model vehicle and it is not financed, the benefit from the purchase of Comprehensive and Collision coverages might not be worth the cost.

READ YOUR POLICY- Read your policy and make sure it lists all vehicles owned by you, along with the coverages you have requested.

INSURANCE IDENTIFICATION CARDS: Make sure you have an insurance identification card. This will provide the necessary insurance information required from you at the time of an accident or police road block.