Shown here are some statistics, facts and recent rates on car insurance for vehicle owners in the state of North Carolina. Read on and learn how to obtain lower-than-average car insurance premiums the easy way.
North Carolina Minimum Liability Coverage
According to North Carolina state law, the minimum amount of insurance coverage required for vehicle owners is 30/60/25. That’s insurance carrier shorthand for $30,000 in personal injury protection, $60,000 in multiple injury protection and $25,000 in coverage against property damage for each vehicle owned. This may seem like a lot to some of us, but experts insist that drivers should really have no less than 100/300 coverage for each owned vehicle in the United States. Uninsured Motorist Insurance (UMI) is also recommended.
Penalties for Driving Without Insurance in North Carolina
In North Carolina, the first such offense will result in a fifty dollar fine and a suspended license for 30 days. Subsequent offenses are met with larger fines and longer license suspensions. Other penalties include reinstatement fees, raised car insurance premiums and a lot of time wasted.
Auto Insurance Rates in North Carolina
In 2016, North Carolina had the seventh lowest average annual car insurance premiums in the nation. The average yearly premium for auto insurance in North Carolina was only $987 in 2016, as compared to the overall national average of $1,347 at that time. North Carolina has a strong economy, relatively low population density and a vast availability of insurance carriers. This would account for the low yearly rates, according to reports from Top50States.com.
Low Cost Car Insurance Programs in North Carolina
Erie Car Insurance is well known for its offers of safe driver discounts, good student discounts, senior citizen discounts, anti theft device discounts, multi auto discounts, multi policy discounts and more. Many car insurance carriers advertise discounts, partly to encourage healthy driving habits, but mostly to win you as a customer. Experts unanimously agree that the best way to cut costs on car insurance is to qualify for every possible discount. This saves many North Carolina drivers hundreds of dollars a year in premium costs.
Obtaining Auto Insurance Quotes in North Carolina
Based on consumer reviews recently posted online, the most popular car insurance carriers in North Carolina are Allstate, Encompass, Geico, Liberty Mutual, State Farm and 21st Century Insurance. Still, some North Carolina drivers opt for smaller companies who operate locally. The best of these are Direct General, Excelsior and Erie.
For more information, contact the North Carolina Insurance Center at your local DMV. To see a carrier’s complaint ratio, visit the website for the North Carolina Department of Insurance. Then call all the well reputed carriers in your area and ask about their discount opportunities. Then compare quotes. It’s that easy.