Car insurance is one of those essential pieces of gear that everyone needs. It’s a safety net in case something goes wrong while you’re driving—literally. But like everything else in life, car insurance doesn’t come cheap. In fact, North Carolina is one of the most expensive states in the country when it comes to car insurance premiums. To help you figure out how much car insurance costs in your state, we have put together this comprehensive guide. From the cheapest to the most expensive options, read on to get a handle on what you need to pay for when you hit the road.
What is car insurance?
Car insurance protects you and your car financially if something bad happens. You’re likely to pay between $100 and $300 per year for basic liability coverage, which covers you in the event of an accident. You may also need other types of coverage, like uninsured motorist insurance and property damage insurance. Shop around to find the best rates and make sure you have enough coverage. You can usually get a quote online or at a car dealership.
Types of car insurance
The cost of car insurance in North Carolina can vary depending on the type of coverage you need and the company you choose.
Basic liability insurance protects you financially if someone is injured or damages your car while driving it. This type of policy will usually provide $25,000 per person for accidents that involve bodily injury and $50,000 per accident for accidents that involve damage to a vehicle.
Uninsured motorist coverage will pay for damages done to your car by someone who is not insured. This type of policy can help cover costs like repairs or replacement of your vehicle.
Collision coverage will pay for the costs of repairing or replacing your car if it is involved in a collision with another vehicle. This type of coverage typically provides up to $25,000 per accident, plus any remaining balance on your Vehicle Protection Plan (VPP).
Rental car insurance helps cover losses you might incur if your rental car is damaged or stolen while you’re away from it. This type of policy can include protection for damage to the rental car, loss of personal belongings inside it, and reimbursement for any expenses you have incurred as a result of the theft.
North Carolina car insurance rates
North Carolina is one of the most cost-effective states in which to live, work, and raise a family. In addition, North Carolina ranks as one of the least expensive places to buy a car. That being said, car insurance rates can still be high in NC if you don’t know how to save on your policy.
According to SafeCarVertical.com, the average monthly premium for an auto insurance policy in North Carolina is $236. However, this number can vary drastically depending on your driving history, location, and other factors. If you have a clean driving record and live within a safe metropolitan area (like Charlotte or Raleigh), you could pay as little as $104 per month for coverage. Conversely, someone with a long list of violations could easily end up paying thousands more each year for their car insurance policy than they would if they lived in rural North Carolina.
One way to save on your car insurance bill is to consider bundling your policy with homeowners or renters insurance. Not only will this combo offer significant discounts on your premiums, but it will also protect you from losses should something happen to your home while you’re away. Plus, by having multiple policies in place that cover different areas of your life – such as auto and health – you are more likely to have coverage if something happens outside of your regular routine.
There are many factors to consider when shopping for car insurance in North Carolina, but one of the most important is your credit score. Car insurance companies use your credit score to determine how much they will charge you for coverage. If you have a poor credit score, you may be charged higher premiums and receive lower coverage than someone with a good credit history. Consider getting a free car insurance quote from an accredited provider to see if you can find lowering rates that still meet your needs.