Auto insurance is an important investment for any driver, but it can be especially confusing to navigate in North Carolina. In this blog post, we’ll provide a comprehensive overview of auto insurance in North Carolina in 2023, including the state’s minimum coverage requirements, tips for finding the best coverage, and common questions about auto insurance in the Tar Heel State.
First, let’s start with the basics: what is auto insurance, and why is it important? Auto insurance is a type of insurance policy that helps protect you financially in an accident or other unexpected event involving your vehicle. It can help cover the cost of damages to your car, medical expenses, and additional costs that may arise from an accident. In North Carolina, as in most states, it is illegal to drive without at least the minimum required insurance coverage.
So, what is the minimum required coverage in North Carolina? The state requires drivers to have at least the following coverage:
- $30,000 of bodily injury liability coverage per person
- $60,000 of bodily injury liability coverage per accident
- $25,000 of property damage liability coverage per accident
This coverage, known as “30/60/25 coverage,” is the minimum required by law in North Carolina, but it may not be sufficient to protect you in the event of a serious accident fully. That’s why many drivers opt for additional coverage, such as increased liability coverage, collision coverage (which helps cover the cost of damages to your own vehicle), comprehensive coverage (which covers damages from non-collision events such as theft, vandalism, or natural disasters), and uninsured/underinsured motorist coverage (which helps protect you if you’re hit by a driver who doesn’t have insurance or doesn’t have enough insurance to cover the damages).
When shopping for auto insurance in North Carolina, it’s important to consider your unique needs and circumstances. Factors that may affect your insurance premiums include your age, driving history, the make and model of your vehicle, and where you live. It’s a good idea to get quotes from multiple insurance companies to find the best coverage at the best price.
Here are a few tips for finding the best auto insurance in North Carolina:
- Shop around: As mentioned above, it’s a good idea to get quotes from multiple insurance companies to see which offers you the best coverage and price.
- Consider discounts: Many insurance companies offer discounts for things like having a good driving record, taking a defensive driving course, or being a member of certain organizations. Be sure to ask about any discounts that may apply to you.
- Please read the fine print: It’s important to thoroughly read and understand your insurance policy before signing up. Make sure you know exactly what’s covered and what’s not, and feel free to ask questions if you have any doubts.
- Review your coverage regularly: Your insurance needs may change over time, so it’s a good idea to review your coverage every year to ensure it still meets your needs.
Shopping for auto insurance through an independent insurance agent like us can be a smart choice for a few reasons. First and foremost, independent insurance agents are not affiliated with any particular insurance company, which means they can offer you a wider range of options from multiple carriers. This can be especially helpful if you have specific coverage needs or are looking for the best price.
Independent insurance agents are also typically more personalized and attentive to their clients’ needs. Because they’re not tied to any one company, they have the flexibility to customize a policy that meets your specific needs and budget. They can also help you navigate the often-confusing process of choosing and purchasing insurance, answering any questions you may have along the way.
In addition, independent insurance agents often have relationships with multiple carriers and can use their connections to negotiate better rates and coverage options on your behalf. This can be especially beneficial if you have a less-than-perfect driving record or other factors that might make it difficult to find affordable coverage.
Overall, working with an independent insurance agent can provide a more comprehensive and personalized approach to shopping for auto insurance, which can be a valuable resource in helping you find the best coverage for your needs.
If you’re looking for new auto insurance or want to ask a couple of questions, we’re here for you.