subject: North Carolina: Auto Insurance Requirements For Resident Drivers [print this page] North Carolina: Auto Insurance Requirements For Resident Drivers
When you move to a different state, it is important to investigate on some of the requirements that you are mandated to meet there. There are a couple of ways for you to get this information but this article talks about the auto insurance requirements in North Carolina. The best resource that you have is the Internet where you can begin your search in the website of the state government. Here they will tell you all of the mandated minimums for the whole state and they will provide you with plenty of information about car insurance. You can also call them by telephone and contact the office of insurance so they can give you whatever documents you need.
The Financial Responsibility Laws of North Carolina states the minimum liability coverage levels for auto insurance. Bodily injury is at $30,000 per person with $60,000 for each accident. Property damage is at $25,000. To sum it up, remember the figures 30/60/25.
January 1, 2009 saw North Carolina requiring everybody to also carry coverage for uninsured or underinsured motorists. This makes this state one of the highest in terms of bodily liability.
Each year, the rates for car insurance in the United States steadily increase since the number of cars being driven is also increasing as well. Auto insurance in North Carolina has higher costs now but they are still at the steady $100-$200 range. This is less than the cost in other states. But the rates are not set for every driver since there are various factors that determine them. The company will look at the insurance holder's residential location, miles being driven, and the driver's record. They also look at the kind of car that is being insured. So there is no rate that is standard for every person. There are vehicles that have safety features installed in them which might help you to enjoy a lower rate. They can have air bags, anti-lock brakes, seat belts, anti-theft features, and others. Another way to save is to get a bundle deal for other policies with the same company and to also have an accident-free year.
In case your insurance coverage lapses, the state will be informed and they will notify you about this. You can get your coverage terminated if you are no longer living in North Carolina. Make sure that you deal with an agent for that states, sometimes this is required.
Auto insurance companies in this state have a point system that can lead to higher rates for you in case you incur offenses or violations.
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