NC Auto Insurance

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When you’re driving in North Carolina, it’s important to have auto insurance. You never know when an accident might happen, and having the right coverage can help protect you financially. In this article, we’ll cover everything you need to know about NC auto insurance, from the types of coverage available to how to find the best rates.

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Types of NC Auto Insurance Coverage

There are several types of auto insurance coverage available in North Carolina. The following are the most common:

Bodily Injury Liability

Bodily injury liability coverage helps pay for the medical expenses of anyone you injure in an accident that you’re at fault for. This coverage is required by law in North Carolina, with a minimum limit of $30,000 per person and $60,000 per accident.

If you cause an accident that results in more than $30,000 in medical expenses for one person, you’ll be responsible for paying the rest out of pocket. That’s why it’s a good idea to carry more than the minimum required coverage.

Property Damage Liability

Property damage liability coverage helps pay for damage that you cause to someone else’s property in an accident that you’re at fault for. This coverage is also required by law in North Carolina, with a minimum limit of $25,000 per accident.

If you cause an accident that results in more than $25,000 in property damage, you’ll be responsible for paying the rest out of pocket. Again, it’s a good idea to carry more than the minimum required coverage.

Uninsured/Underinsured Motorist Coverage

Uninsured/underinsured motorist coverage helps pay for injuries or damage that you sustain in an accident caused by someone who doesn’t have enough insurance to cover the full cost of the damages. This coverage is not required by law in North Carolina, but it’s a good idea to have.

It’s estimated that around 9% of drivers in North Carolina are uninsured, which means that if you’re in an accident with one of them, you could be stuck with the bill for your own injuries and property damage.

Collision Coverage

Collision coverage helps pay for damage to your own vehicle in an accident that you’re at fault for. This coverage is not required by law in North Carolina, but if you have a car loan, your lender may require you to carry it.

Comprehensive Coverage

Comprehensive coverage helps pay for damage to your vehicle that’s not caused by an accident, such as theft, vandalism, or natural disasters. This coverage is not required by law in North Carolina, but if you have a car loan, your lender may require you to carry it.

How to Find the Best Rates for NC Auto Insurance

Now that you know what types of coverage are available, how do you find the best rates for NC auto insurance? Here are a few tips:

Shop Around

Don’t settle for the first auto insurance quote you receive. Shop around and compare rates from several different insurers. You may be surprised at how much the rates can vary.

Bundle Your Policies

If you already have homeowners, renters, or other types of insurance, consider bundling your policies with the same company. Many insurers offer discounts for multiple policies.

Ask About Discounts

Many insurers offer discounts for things like good driving habits, safety features on your vehicle, and completion of a defensive driving course. Ask your insurer about any discounts that may apply to you.

Adjust Your Deductible

The deductible is the amount you pay out of pocket if you’re in an accident. The higher your deductible, the lower your monthly premium will be. Consider raising your deductible if you’re comfortable paying more out of pocket in the event of an accident.

FAQs

What’s the minimum amount of liability coverage required in North Carolina?

The minimum amount of bodily injury liability coverage required in North Carolina is $30,000 per person and $60,000 per accident. The minimum amount of property damage liability coverage required is $25,000 per accident.

Is uninsured/underinsured motorist coverage required in North Carolina?

No, uninsured/underinsured motorist coverage is not required by law in North Carolina, but it’s a good idea to have.

What’s the difference between collision coverage and comprehensive coverage?

Collision coverage helps pay for damage to your own vehicle in an accident that you’re at fault for. Comprehensive coverage helps pay for damage to your vehicle that’s not caused by an accident, such as theft, vandalism, or natural disasters.

What are some factors that affect auto insurance rates?

Some factors that can affect auto insurance rates include your age, driving record, type of vehicle, location, and credit score.

Can I cancel my auto insurance policy at any time?

Yes, you can cancel your auto insurance policy at any time, but be aware that some insurers may charge a fee for early cancellation.

Conclusion

Having the right auto insurance coverage is essential when you’re driving in North Carolina. Make sure you understand the types of coverage available and shop around to find the best rates for your needs. And don’t forget to ask about any discounts that may apply to you.

Company
Minimum Liability Coverage
State Farm
$30,000 per person/$60,000 per accident bodily injury liability
$25,000 per accident property damage liability
Geico
$30,000 per person/$60,000 per accident bodily injury liability
$25,000 per accident property damage liability
Progressive
$30,000 per person/$60,000 per accident bodily injury liability
$25,000 per accident property damage liability
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