When you drive a car you are most certainly always on the lookout for the cheapest car insurance North Carolina companies have to offer. This is a good idea of course, but that’s not the only thing you need to be thinking about when you are looking for car insurance. The problem is that it is an expensive part of car ownership costs even when you have cheap car insurance. It gets even worse when there are lots of mistakes made.
It takes being proactive when it comes to your insurance to keep the costs down and make sure that you are getting what you need at an acceptable price. The common mistakes that people make will often lead to high prices and poor coverage. In this article, we will go over what those mistakes are so you can avoid them.
1 – Not shopping around
You are likely paying too much for your insurance and can easily reduce the premium by hundreds just by making a few phone calls. Not everybody charges the same for the identical coverage. How insurance companies calculate the premium varies considerably.
If you look online you will surely get some quotes for the same coverage that you have. many of them will be lower. You can then reduce the price even further by calling them. There are sometimes incentives given to the agents to get you to switch companies so they are on the lookout for extra discounts to lure you away.
You can also ask about certain items for coverage that are add ons for free that will give you added protection for the same price or even lower than what you’re paying now.
2 – Too much coverage
Financing a car requires you to have comprehensive coverage. It’s complete coverage that has you paying for coverage for accidents and liability far above the state minimum. Plus, you will also need to have things like fire and theft protections.
Once you are done making loan payments you should look into lowering your coverage by removing the fire and theft and other items that do not apply to you. This alone can save you hundreds of dollars per year.
3 – Poor driving skills
Your bad driving is causing you to have high insurance bills. This is because every accident and moving violation you get adds points onto your insurance score. They usually last for up to three years before they are removed from your policy.
The better you drive the more money you will save by not having your premiums go up every year. In fact, for every year that you don’t get into an accident or get a speeding ticket, you lose points which reduces your premium.
Start using some defensive driving techniques and you will see your costs go down. You’ll also save money by not having to pay any speeding fines or other violations. Once you are driving better than you can even request a tracking device that shows your insurance company that you are driving safely and will reduce your premiums further.