From fender benders in the Harris Teeter parking lot to multi-car collisions on Fordham Boulevard, accidents can happen anytime, anywhere and to anyone – even to the most experienced drivers. Fortunately, a reliable car insurance policy can shield you from facing large financial losses following a collision.
If you own a vehicle in Chapel Hill, you are required by law to have auto insurance. A local independent insurance agent can help you find the best and most affordable car insurance policy to meet your coverage needs.
North Carolina is among the least expensive states for auto insurance. The average rate in this state is significantly lower than the national average. The cost of car insurance in Chapel Hill is slightly higher than the state average.
Of course, auto insurance rates can vary significantly from one driver to the next, so these average rates should be taken with a grain of salt. This is because costs are calculated on a case-by-case basis according to several factors such as:
Every auto insurance company has its own formula for assessing risk and calculating costs. Comparing quotes lets you to find the policy that comes at the best price. Independent agents in Chapel Hill can make comparison shopping easy by obtaining a variety of customized car insurance quotes on your behalf.
In the state of North Carolina, all car insurance policies must include, at a minimum, the following:
In the case of most accidents, North Carolina’s minimum coverage requirements are high enough to cover your damage and liability responsibilities. However, a serious collision with significant injuries can easily exceed the limits of a minimum-coverage policy.
If you do not have enough insurance to cover the costs you have incurred, you will be required to make up the difference out-of-pocket. That is why many Chapel Hill residents choose to purchase auto liability coverage in amounts that are much higher than the state requires.
Adding an umbrella insurance policy can further boost your liability coverage and is necessary if you wish to have even more coverage than your auto policy will allow. Talk to your local independent insurance agent to learn how much it will cost you for various levels of liability insurance coverage.
In addition to the liability insurance and uninsured motorist insurance required by the state, you can also choose to include the following coverage options in your car insurance policy.
Talk to your insurance agent to learn more about your coverage options and to find out how much each will cost to add to your policy.
North Carolina residents who are caught operating an uninsured vehicle can be fined and put on probation. Repeat offenders can face jail time. Despite this, nearly one in ten drivers in this state is uninsured.
Although it is optional in many states, uninsured motorist insurance is required in North Carolina. This insurance enables you to receive immediate coverage for damage and medical treatment if you are in a collision caused by an uninsured, underinsured, or hit-and-run driver.
Your insurance company will then take on the task of collecting the money owed by the at-fault driver and will absorb the costs if they are unsuccessful.
The auto theft rate in Chapel Hill is only about one-third the national average rate, but the risk is still apparent. Approximately 65 cars are reported stolen in this city every year.
If your car is stolen, you cannot be compensated for your loss unless your auto insurance policy includes comprehensive coverage. Also referred to as “other than collision” insurance, this coverage is designed to compensate you for a wide variety of non-collision damage, including that caused by falling objects, floods, fires, and property crimes.
Independent insurance agents can be a huge help when you are shopping for auto insurance. These agents can explain your various coverage options, answer your insurance-related questions, and provide you with a selection of customized quotes to review and compare. This enables you to easily choose the policy that best meets your coverage and budgetary needs.
Contact an insurance agent in or near Chapel Hill to get started with your search for the right car insurance policy.