When Charlotte Residents Should Lower Their Coverage Levels for a Better Deal on Their North Carolina Auto Insurance Rates

When Charlotte Residents Should Lower Their Coverage Levels for a Better Deal on Their North Carolina Auto Insurance Rates

 

Do you know how aggravating it can be to listen to someone harp on the same point over, and over, and over again? It's like being back in grade school! You probably get the same feeling when you're sitting there talking to your North Carolina auto insurance agent, because they're like a mixed recording: "More is more, not less," "increase your coverage levels and deal with the change in your auto insurance rates,""minimum insurance coverage simply isn't good enough." To hear them tell about it, dropping some of your coverage to cut a deal for better rates is the next best thing to cardinal sin!

What they don't tell you is that sometimes you gotta do what you gotta do.

Let's face it, today's economy isn't exactly consumer friendly. Unemployment's

Sometimes you should listen to your insurance agent. Sometimes you just have to say no.

at an all time high. There are millions of Americans struggling to feed their families and keep a roof over their head. Vacations are a thing of the past. When you look at all that it's easy to understand why drivers are dragging their feet over spending a small fortune on their auto insurance! There are lots of ways to save money on your premiums each year, but sometimes it's going to come down to trimming the fat on your coverage to make it more affordable.

The first place Charlotte residents should start when it comes to trimming down their auto insurance coverage is with the "fluff" that many North Carolina companies tack on to their policies to make them more appealing. For example, if you're not living in a no-fault state and you've already got health insurance you probably don't need to add extra medical insurance coverage onto your policy. Rental insurance is nice (especially when your car breaks down thousands of miles from home) but isn't really necessary. You can probably find alternate arrangements for the three or four days your car is likely to be in the shop.

Emergency roadside assistance? AAA is probably cheaper.

Once you've cut the fat, if your insurance rates are still out of your price range it's time to think about talking to your insurance agent about cutting back on your coverage level. If you've spent the past who knows how many years listening to your insurance agent tell you more coverage was the way to go you've probably got a safety cushion that could survive a nuclear blast. That won't do you much good if you can't afford to maintain it and your coverage gets dropped, however. M

Most experts recommend you carry a minimum of $100,000 and $300,000 in bodily injury liability, not usually a huge change from the state minimum. Add $100,000 in property damage liability and you're good to go. If you've got more than that you can probably afford to call whichever North Carolina auto insurance company you're working with and trim back your coverage levels.

Comprehensive and collision should be a given, unless you've honestly got enough money in your bank account to buy a new car outright.

Nobody really wants to have to cut back on their auto insurance coverage, but since driving around Charlotte uninsured really isn't an option sometime it's a matter of choosing the lesser of two evils. And auto insurance rates you can afford are always the better choice.

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• When Charlotte Residents Should Lower Their Coverage Levels for a Better Deal on Their North Carolina Auto Insurance Rates - Oct 12, 2009 - 12:31:25 PM