Car insurance is a necessity, as it protects you from damages, theft, and even liability. However, if your premium seems to rise every year, you don't have to settle for the higher price tag just to maintain adequate coverage. By following these easy tips, you can get lower rates and continue to keep you and your family safe.

How to Make Your Premium More Affordable

1. Select a Higher Deductible

The higher you set your deductible, the lower your car insurance premium will be. For example, if your current deductible is $250, your premium will go down if you bump that to $1,000, and it'll go down even more if you increase it to $2,500. However, don't increase your deductible too much if you don't have an emergency fund. In the case of an accident, you'll need to be able to afford your deductible.

2. Shop Around

Just because you've been with one insurance company for years doesn't mean you should stay forever. If you shop around, you can likely find a more inexpensive policy, particularly if you've been with the same company for many years.

3. Drive Safely

Your car insurance will likely increase if you get into an accident or even get a speeding ticket. Slow down, drive carefully, and try to keep your record clean. Your bank account will thank you.

4. Improve Your Credit Score

Car insurance companies consider your credit score when determining your rates, so if you have bad credit, you'll have a higher premium. With that in mind, try to improve your credit score by paying off debt and using credit wisely. If your score has improved recently, that's another reason to shop around and look for a more affordable policy.

5. Bundle Your Policies

Many insurance carriers will give you a discount if you bundle your auto insurance with your life, health, or home insurance. Talk to your agency to find out how you can qualify for a multipolicy discount.

If you’re shopping for car insurance, contact North Carolina Farm Bureau Insurance® Group in Matthews, NC. Since 1953, this insurance agency has been providing high-quality, affordable policies to residents and businesses throughout Charlotte and Mecklenburg counties. Call (704) 841-8700 to request a personalized quote, or visit their website for more information about their products and services.