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Why Are Insurance Rates Increasing? What You Can Do to Lower Your Costs

As the cost of living continues to rise, it’s no surprise that many of our clients in Sherrills Ford, Terrell, and Denver, NC, are seeing increased rates on their insurance renewals. Inflation affects all of us, and the cost of repairing damages, labor, and materials is no exception. This can lead to higher rates for everyone, regardless of whether you have a history of making claims, have been with a company for a long time, or drive older vehicles.

It’s important to remember that you have options when it comes to your coverage. As an independent agency, we have access to various carriers and can work with you to find the right coverage for your needs and budget. The insurance market may be tough, but you don’t have to go through it alone. Don’t hesitate to contact us if you’re not already our client and would like to review your coverage. We’re here to help.

One thing to remember is that shopping around for the best rates can often be a worthwhile investment. Feel free to contact multiple agencies or providers to compare quotes and find the best fit for your needs. It’s also a good idea to review your current coverage and ensure you are paying enough for coverage you don’t need. For example, if you have an older vehicle, you may need less coverage than a newer car.
Another way to potentially lower your rates is by taking steps to reduce your risk of making a claim. This can include things like maintaining your vehicle and driving safely, securing your home and possessions to prevent theft or damage, and taking steps to prevent injuries on your property. While you can’t always control unexpected events, taking proactive measures can help mitigate risk and lower your insurance costs.
Remember, it’s always a good idea to review your coverage and ensure you have the protection you need at a price you can afford. If you have any questions or need assistance, don’t hesitate to reach out to us. We’re here to help.

If you’re overwhelmed by rising insurance rates and need help figuring out where to turn, feel free to reach out to our team. As an independent agency, we have access to various policies and can help you find the coverage you need at a price you can afford. Contact us today to schedule a review of your coverage and learn more about your options. We’re here to help you navigate the tough insurance market and find the protection you need.

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Fast, friendly and great prices over the several 20 years I’ve been with them. Thank...
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