How To Save Money When Buying Your Next New Car

NC Auto InsurancePurchasing a vehicle can be a particularly daunting task, especially if it is your first time purchasing a car. There are the obvious choices like what make and model you choose, or what color and options you opt for.  However, there are other things to consider that can help you save money in the long run.
These are some of the less obvious things you might want to consider when purchasing your next vehicle.
Crash Test Ratings: It’s a good idea to check out the crash test ratings of whatever vehicle(s) you are considering.  Not only could this prevent an injury or save your life, it can also affect your insurance rates. Insurance companies consider these test results when establishing insurance rates.  So if you opt for a vehicle with poor ratings, then you’ll likely be paying a little more for insurance as well. You can always call your insurance agent and ask them to give you rates on a few cars you are considering.  This will give you an idea of the difference in the insurance rate and might help you make up your mind.
Lease or Loan: The low monthly payments you might get with a lease can be very attractive.  However, you should think about the long-term.  With a lease, you’ll never pay off the vehicle and will have never-ending payments as you end leases and move into new vehicles.  Also, if you choose to lease, the leasing company may require higher limits of liability than you are used to carrying on our insurance policy.  It’s a good idea to check with your insurance agent as to how this might affect your insurance policy before you commit to a lease.
Used or New: Buying a new car means you lose thousands in depreciation the minute you drive it off the lot.  You might want to consider late model used cars when shopping. Of course,  you need to consider the dealer incentives on new cars, such as rebates or reduced loan interest rates.  But when it all comes down to the bottom line, take a good long hard look and determine what is really the best deal for you and your family.
You shouldn’t necessarily purchase a car just because of the insurance rates, but understand that besides fuel efficiency and your monthly payment, insurance is another factor that plays into the overall cost to operate your vehicle.
In addition to these tips, you can also save money on your auto insurance with discounts offered by insurance companies.  Be sure you check with your agent to ensure you are getting all the discounts you might be entitled to. Some of these include (these are not offered by all insurance companies):
  • Good driver discounts
  • Good student discounts
  • New car discounts
  • Multi-car discounts
  • Multiple policy discounts
  • Military discounts
  • Anti-theft discounts
  • And more
 Protective Insurance Agencies is a NC insurance agency offering NC auto insurance Contact us today for a policy review and see if we can help you save money on your auto insurance or other policies you might have.

The Ins and Outs of NC Motorcycle Insurance

NC Motorcycle InsuranceJust like car insurance, it is mandatory in North Carolina to have the state required liability and uninsured motorist coverage for your motorcycle or moped. Since liability coverage only takes care of the other parties when you are at-fault, you might want to consider other optional coverage to protect yourself.  These options are medical payments, collision insurance, comprehensive insurance and uninsured/underinsured motorist coverage. (more…)

What is an Independent Insurance Agent?

What is an independent insurance agent and why should I use one?

An independent insurance agent, is a licensed insurance professional who typically sells a wide variety of insurance to consumers. This can include auto insurance, homeowners insurance, life insurance, health insurance, property insurance, business insurance and more. Due to the licensing requirements and the types of credentials that one must carry to be an independent insurance agent in North Carolina, these individuals are highly trained both in the way the insurance industry works and in the realm of North Carolina insurance law. Instead of trying to find different types of policies on your own, you can instead turn to an independent insurance agent to assist you. They’ll be able to look at the specifics of your own personal situation, including factors like your budget, and come up with an insurance package that fits your needs and lifestyle.

Using an independent insurance agent comes with a wide variety of different benefits that shouldn’t be ignored. For starters, these types of agents are traditionally highly educated and trained in exactly the types of insurance products they are selling. If you have any questions about a particular policy or have certain requirements, an independent agent will be able to address all of those concerns and make sure that you find a policy that is right for you.

Additionally, the one thing that really sets independent agents apart from captive agents is that independent insurance agents work with multiple insurance carriers. Therefore, they can offer unbiased advice and won’t try to up-sell you on any coverage you might not need. They are trusted advisors who consider your best interest.

Lastly, because they work with multiple insurance carriers, independent agents can shop rates on your behalf and match your needs with your budget to get you the absolute best insurance policies. Think of your independent insurance agent as a part of your financial team, like your attorney or accountant. They are there to provide professional insurance advice to help you manage your risk by protecting your current and future assets.

Protective Insurance Agencies is a North Carolina and independent insurance agency located in Salisbury.  We offer auto insurance, homeowners insurance, motorcycle insurance and other personal and commercial insurance options through multiple carriers. We will talk to you so we understand your needs then provide you with insurance quotes that match your requirements. Contact us today for a free insurance policy review and we’ll help you save some money.