From fender benders on Greensboro Road to multi-car collisions on I-74, 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 a large financial loss following a collision.
If you own a vehicle in High Point, 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.
In the state of North Carolina, auto insurance policies must include, at a minimum, the following:
In the case of most minor accidents, North Carolina’s minimum coverage requirements are high enough to cover your damage and liability responsibilities. However, a serious collision 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 High Point 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 if you wish to have even more coverage than your auto policy will allow.
North Carolina is the 44th most expensive state for auto insurance. The average rate in this state is significantly lower than the national average. However, rates in High Point tend to be higher than the state average.
Of course, auto insurance rates vary 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 proprietary formula for calculating costs. Comparing quotes therefore lets you to find the policy that is offered at the best price. Independent agents in High Point make comparison shopping easy by obtaining a variety of customized car insurance quotes for you.
Driving without insurance in High Point violates North Carolina state law. If you are caught operating an uninsured vehicle in this state, you will be fined and put on probation. If you are a repeat offender, you could even face jail time. Despite this, nearly one in ten drivers in this state is uninsured.
Though it is optional in many states, uninsured motorist insurance is required in the state of North Carolina. This insurance enables you to receive immediate coverage for your 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 difficult 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 High Point is lower than the national rate, but the risk is still apparent. More than 200 cars are reported stolen in this city every year.
Be aware that if your car is stolen, you cannot be compensated for your loss unless your auto insurance includes comprehensive coverage. This optional insurance is often required by lenders until your car is paid in full.
Also referred to as “other than collision” insurance, comprehensive 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 agents can be a great resource for information 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 variety of customized quotes to review and compare. This enables you to easily choose the best policy to meet your coverage and budgetary needs.
Contact an independent insurance agent in or near High Point to get started in your search for the right car insurance policy.