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Auto Insurance Tips for Drivers in North Carolina

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Auto insurance in North Carolina is a legal requirement and all motorists are required to carry at least the minimum level of compulsory liability coverage. To obtain the best possible car insurance quotes, residents of the Tar Heel State should be prepared to invest some time comparing prices so that the best possible policy can be acquired.

In many instances, motorists will automatically ask for auto insurance quotes from companies with a long-standing reputation, particularly if that company advertises nationally on television or in magazines and newspapers. Although an investment in advertising displays a certain level of professionalism and financial stability, the cost of expensive campaigns are often reflected in auto insurance quotes that are more expensive than those of most major competitors. Unfortunately, somebody has to foot the bill for those costly adverts and more often than not, it’s the motorist that ends up paying!

Research is a vital tool in finding competitively-priced coverage and if car insurance quotes are gathered from a large number of companies or from a price comparison website, the chance of finding increased coverage at a more affordable price becomes more likely. It is never advisable to settle for the cheapest policy possible; often, these may like bargains at first glance but once the terms and conditions of the policy have been laid out, motorists find that they have purchased insurance that doesn’t even meet the mandatory minimum levels for the state.

So that motorists in North Carolina are aware of their obligations in terms of financial responsibility, the minimum levels of auto insurance required are as follows:

  • $30,000 worth of bodily injury liability per person
  • $60,000 worth of bodily injury liability per accident
  • $25,000 of property damage liability
  • $30,000 worth of uninsured or underinsured motorist protection per person
  • $60,000 worth of uninsured or underinsured motorist protection per accident

 

It is important to understand that the minimum levels of coverage may not be ideal for all motorists. If a policyholder is involved in a collision with an expensive vehicle and is found to be at fault for the accident, any shortfall in repair costs that exceed the $25,000 minimum level of coverage will have to be met personally. This is also important to remember this if a higher deductible figure is attached to a policy. Although higher deductibles lead to lower premiums, it can still work out to be more expensive in the event of any subsequent claims. It is always advisable to by the highest level of cover possible so long as it is affordable and this should always be remembered when looking at auto insurance quotes.

It is also important to consider levels of coverage in relation to the vehicle being insured. If a vehicle is older and in a substandard state of repair, it probably isn’t worth investing too much money in terms of auto insurance. However, newer models, especially those with outstanding loans secured against them, should always be covered comprehensively. Should the vehicle ever be involved in an accident where it is declared a total loss, the insurance company will settle all outstanding balances on it.

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