If you drive in North Carolina you may have heard that auto insurance rates could be going up later this year. Insurance companies are requesting an increase in premiums, which means many drivers may see higher costs for their coverage. While this proposal is still under review, it’s a good time to think about how you can prepare and possibly save money.
Why Are Auto Insurance Rates Going Up?
Insurance companies adjust their rates based on various factors, including:
- The rising cost of car repairs and medical bills
- An increase in accidents, especially due to distracted driving
- More expensive claims being paid out
These factors impact insurance pricing across the state, not just in big cities, but also in communities like ours in Morganton, Valdese, North Wilkesboro, and surrounding areas.
What Can You Do to Keep Costs Down?
Even if rates go up, our agents are here to make sure you are getting the best rates and saving money wherever possible. Here are some ways to manage your auto insurance costs:
- Check for Discounts – Many insurers offer discounts for safe driving, bundling policies, or even things like taking a defensive driving course.
- Adjust Your Coverage – If your vehicle is older, you might consider modifying your coverage to better match its value.
- Drive Safely – Avoiding accidents and traffic violations helps keep your rates as low as possible.
What’s Next?
The state is still reviewing this proposed increase, and adjustments could be made before any changes take effect. In the meantime, now is a great time to review with your agent at Mears Insurance Group your policy and explore ways to save.
At Mears Insurance Group, we’re here to help you understand your coverage and find the best options for your budget. If you have questions or want to explore ways to lower your premium, reach out to us today!