Even the most experienced drivers can sometimes cause vehicle accidents. That is why vehicle owners in Greenville are required to have car insurance. From fender benders on Dickinson Avenue to multi-car collisions on Memorial Drive, a reliable auto insurance policy can prevent you from facing a large financial loss because of a collision. Shopping for car insurance is easy when you work with an independent insurance agent. An agent in Greenville can help you obtain and compare a variety of car insurance quotes. That way, you can be sure you are getting suitable coverage at a competitive price.
North Carolina Car Insurance Requirements
Every state has designated minimum requirements for auto insurance. In North Carolina, all car insurance policies must include at least the following:
- Bodily injury liability: Required
- Property damage liability: Required
- Personal injury protection (PIP): Not required
- Uninsured motorist coverage: Required
- Minimum liability limits: 30/60/25; coverage up to $60,000 for all persons injured in an accident, subject to a limit of $30,000 for one individual; and $25,000 coverage for property damage.
A policy that merely meets the state-mandated minimums is typically adequate to cover most minor accidents. However, if you cause a major collision in which several people are seriously injured, the resultant costs can greatly exceed what your policy will cover. In that case, you would be responsible for making up the difference out of pocket. That is why many Greenville drivers choose to purchase car insurance that has higher-than-required liability limits. Some residents of this city also purchase umbrella insurance in order to have even more liability coverage than their auto policy will allow. An independent agent can help you find the liability coverage you want at a price you can afford.
How Much Does Auto Insurance Cost in Greenville, NC?
North Carolina is the 44th most expensive state for car insurance. Rates in this state are significantly lower than the national average, and in Greenville, rates are among the lowest in the state.
- National average annual car insurance cost: $1,311
- North Carolina average annual car insurance cost: $986
- Greenville average annual car insurance cost: $877
Of course, the average costs above can only give you an estimate of what you might actually be expected to pay. Car insurance rates vary from one driver to the next because they are calculated individually according to several different factors. Insurance companies will take into account such details as:
- The make, model, and year of the vehicle(s) you are insuring
- Your age, occupation, driving record, claims history, and credit score
- Information about other licensed drivers in your household
- The accident and auto theft rates in the vicinity of your home
- The amount of liability coverage you are purchasing
- Whether you own or rent your home
You may even qualify for reduced rates if you bundle your coverage with other policies such as home insurance or renters insurance, or if you qualify for other policy discounts. Comparison shopping lets you find your coverage at the best price. Contact an independent agent in Greenville to easily obtain and compare a selection of customized quotes.
Uninsured Motorists in North Carolina
If you are caught driving without car insurance in North Carolina, you can be penalized with fines and probation, and even jail time if you are a repeat offender. Despite this, more than one in ten drivers you are sharing the roadways with in this state is operating an uninsured vehicle.
- How many US drivers are uninsured? 12.6%.
- How many North Carolina drivers are uninsured? 9.1%.
If you are in an accident that is caused by an uninsured driver, that person is required to pay for your damage and medical treatment. Uninsured motorist insurance was created to ensure that you can receive timely compensation without the need to take the at-fault driver to court. Uninsured motorist insurance is optional in many states, but it is required in North Carolina. This insurance can provide coverage if you are in a collision with an uninsured, underinsured, or hit-and-run driver. Your insurance company will then try to collect directly from the responsible driver and will absorb the costs if they are unsuccessful.
Number of Auto Thefts in Greenville, NC
In Greenville, the auto theft rate is significantly lower than the state’s rate, which is lower than the national rate. However, this does not mean that residents of this city are immune to the risk. Approximately 100 vehicles are stolen in this city each year.
- National auto theft rate per 1,000 vehicles: 2.94
- North Carolina auto theft rate per 1,000 vehicles: 2.12
- Greenville auto theft rate per 1,000 vehicles: 0.96
You cannot be compensated for a stolen vehicle unless your car insurance policy includes comprehensive coverage. This “other than collision” insurance is optional, but most lenders will require you to have it until your car loan is paid in full. Comprehensive insurance covers a wide range of non-collision damage, including hazards such as falling objects, floods, fires, and property crimes. An independent agent in Greenville can help you review the cost to include this coverage in your policy.
Why Work with an Independent Insurance Agent?
As a vehicle owner in Greenville, you can ask an independent agent for help finding the best auto insurance to meet your coverage and budgetary needs. Contact an agent near you to start comparing customized car insurance quotes. You’ll soon discover how easy it can be to get the coverage you need at a great price.
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