Accidents can happen to anyone. That is why vehicle owners in Asheboro are required to carry car insurance. From fender benders on N. Fayetteville Street to multi-car collisions on I-74, a solid auto insurance policy can prevent you from facing large financial losses as the result of an accident.
Finding the best and most affordable car insurance is easy when you work with a local independent agent. These agents can help you obtain and compare customized car insurance quotes from a variety of reliable insurers. Find an insurance agent in or near Asheboro to learn more.
How Much Does Car Insurance Cost in Asheboro, NC?
The average cost of car insurance in North Carolina is much lower than the national average. This is great news for Asheboro residents who are looking for an affordable policy.
Comparing rates from a variety of insurance companies enables you to get your car insurance coverage at the lowest possible price.
- National average annual car insurance cost: $1,311
- North Carolina average annual car insurance cost: $986
Keep in mind that these averages can only give you a general idea of what you might actually be expected to pay. Car insurance costs can vary significantly from one driver to the next because they are based on several factors. Your costs can be affected by things like:
- The make, model, and year of the vehicles you are insuring
- Your age, occupation, marital status, and driving history
- Information about the other licensed drivers in your household
- Whether you own or rent your home
- The amount of coverage you are purchasing
- Your claims history and credit score
- The amount of your deductible
You can usually earn rate reductions if you bundle your car insurance with other policies like homeowners insurance or renters insurance. Many insurance companies also offer other money-saving benefits like good student discounts for teen drivers who earn good grades and good driver discounts for anyone who has a long, safe driving history without moving violations or accidents.
Contact an independent agent in Asheboro to learn more about these and other potential discounts and to start reviewing customized quotes from a variety of highly rated insurers.
What Are the Minimum Car Insurance Requirements in North Carolina?
Every state has its own coverage requirements when it comes to auto insurance. In North Carolina, all car insurance policies must include:
- Liability insurance: This is designed to cover other people’s medical bills and damage if you cause an accident. Your policy must have a minimum of:
- Bodily injury liability insurance: $30,000 per person/$60,000 per accident
- Property damage liability insurance: $25,000 per accident
- Uninsured motorist insurance: This is designed to cover your medical bills and damage if you are in an accident caused by an uninsured, underinsured, or hit-and-run driver. Your policy must include a minimum of:
- Uninsured bodily injury insurance: $30,000 per person/$60,000 per accident
- Uninsured property damage insurance: $25,000 per accident
Many Asheboro drivers opt to purchase car insurance that has higher-than-required liability limits. Residents who have a lot to lose may also consider purchasing umbrella insurance in order to get even more liability coverage than their auto insurance policy can provide.
Your local insurance agent can help you find the coverage you need at a price you can afford.
What Else Can Asheboro Car Insurance Cover?
In addition to the mandatory liability coverage mentioned above, your car insurance provider will also offer optional coverage that you may want to include in your Asheboro auto insurance policy. These options include:
- Collision insurance: This covers the cost to repair or replace your vehicle if is it damaged or totaled in a collision, even if the accident was your own fault. This coverage is typically required by lenders if you are still paying for your vehicle and by dealerships if you are leasing it.
- Comprehensive insurance: This covers the cost to repair or replace your vehicle if it is damaged or totaled due to a non-collision event like a fallen tree or a flood. This coverage is also typically required by lenders if you are still paying for your vehicle or by dealerships if you are leasing it.
- Medical payments insurance: This covers medical treatment for you and the other members of your household if you are injured in a collision, regardless of fault.
- Roadside assistance and towing: This covers the costs of assistance if your car becomes disabled while you are away from home, such as if you run out of gas or your engine overheats.
- Gap insurance: This covers the gap between what your car is worth and what you currently owe for the vehicle if it is totaled. New cars depreciate quickly, so this coverage may be particularly valuable during the first two or three years of new-car ownership.
- Rental car reimbursement: This covers the cost to rent a vehicle while your own car is being repaired following a covered event.
Talk to your local insurance agent for help determining which, if any, of these coverage options is a good fit for you.
What Is the Penalty for Driving without Insurance in Asheboro?
Driving without insurance in North Carolina is illegal. If caught, you will be charged with a Class 3 misdemeanor and can face the following penalties:
- A civil penalty fine ranging from $50 to $150
- The suspension of your license plates and registration for up to 30 days.
- A $50 fee to reinstate your license plates and vehicle registration
- Probation for between 1 and 45 days
The good news is that this state has one of the lowest rates of uninsured drivers in the country:
- Percentage of US drivers who are uninsured: 13.0%
- Percentage of North Carolina drivers who are uninsured: 6.5%
Even so, the state requires all drivers to carry uninsured motorist insurance. That way, if you find yourself in a collision caused by an uninsured driver, you can receive timely compensation for your injuries and property damage without the need to take legal action against the at-fault driver.
After compensating you, your insurance company will try to collect the money owed from the at-fault driver and will absorb the losses if unsuccessful.
Does Asheboro Car Insurance Cover against Auto Theft?
The auto theft rate in the state of North Carolina is lower than the national rate, but in Asheboro, the rate is higher. Residents of this city report about 60 stolen cars every year.
- National auto theft rate per 1,000 vehicles: 2.29
- North Carolina auto theft rate per 1,000 vehicles: 1.70
- Asheboro auto theft rate per 1,000 vehicles: 2.43
Be aware that you can only get compensation for a stolen vehicle if your car insurance policy includes comprehensive (or “other than collision”) coverage.
Comprehensive insurance covers more than just auto thefts. It can also reimburse you for repair costs if your car is damaged in another non-collision event like a hailstorm or a garage fire.
If you are still paying for your vehicle or are leasing it, chances are good you have this insurance already. If not, talk to an independent insurance agent to find out how much it will cost you to include comprehensive coverage in your Asheboro car insurance policy.
Why Ask an Independent Insurance Agent in Asheboro, NC to Help You?
You can turn to a local independent agent for help when you are looking for the best auto insurance policy to meet your coverage and budgetary needs. These agents work for you, not for a particular insurance company, so they can shop around to find you the coverage you want at a price you can afford.
Contact an insurance agent in or near Asheboro to get answers to your insurance-related questions and to start comparing customized car insurance quotes.
TrustedChoice.com Article | Reviewed by Jeffrey Green
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