Wilmington Car Insurance

Your Complete Guide to Wilmington, NC Car Insurance

From fender benders on Shipyard Boulevard to multi-car collisions on the Martin Luther King Jr Parkway, accidents can happen anytime, anywhere and to anyone —even to the most cautious and experienced drivers. Fortunately, a dependable auto insurance policy can shield Wilmington drivers from the expensive costs associated with vehicule collisions. 

An independent insurance agent with an office in or near Wilmington can help you find the best and most affordable car insurance policy to meet your coverage needs.

North Carolina Auto Insurance Requirements

In North Carolina, resident vehicle owners must carry car insurance that meets or exceeds the following requirements:

  • 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.

While these requirements may seem like a lot of coverage, if you only have a basic minimum-coverage policy, you may find you do not have enough insurance to handle the cost of a serious collision. If the expenses you are responsible for exceed your coverage limits, you will be expected to make up the difference out of pocket.

That is why many Wilmington drivers choose to purchase liability coverage in amounts that are significantly higher than the state requires. Some people want even more liability coverage than their car insurance will allow, so they also purchase an umbrella insurance policy.  An independent agent can help your review your costs for different levels of coverage.

How Much Does Car Insurance Cost in Wilmington, NC?

North Carolina is the 44th most expensive state for auto insurance. The average cost of car insurance in this state is significantly lower than the national rate, but in Wilmington, costs are only slightly lower than national rate. This makes shopping around for the best rate especially important.

  • National average annual car insurance cost: $1,311
  • North Carolina average annual car insurance cost: $986
  • Wilmington average annual car insurance cost: $1,298

Every insurance company you contact will likely provide you with a different quote. This is because each has its own method for calculating costs. Your rates may be influenced by a number of factors such as:

  • The make, model, trim, and year of the vehicle(s) you are insuring
  • Whether you own or rent your home
  • The age, gender, occupation, and driving record of all the drivers in your household
  • The amount of your deductible, and how much liability insurance you are purchasing
  • The auto theft and accident rates in the area where you live and park your car
  • Whether you are bundling your auto insurance with other policies like homeowners insurance or renters insurance

Independent agents in Wilmington make comparison shopping easy by requesting a selection of customized car insurance quotes on your behalf.

Number of Uninsured Motorists in the State

Driving without insurance in North Carolina is illegal, but nearly one in ten motorists you are sharing the roads with in this state is uninsured. If caught operating an uninsured vehicle, these drivers will be fined and can face probation or jail time.

  • 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 injuries. Collecting the money owed to you can be extremely time-consuming and difficult unless you have uninsured motorist insurance. 

Although it is optional in many states, uninsured motorist insurance is required in North Carolina. With this coverage, you can rest assured that if you are in a collision with an uninsured, underinsured, or hit-and-run driver, your insurance company will provide the coverage you need and will absorb the costs if they cannot collect reimbursement from the at-fault driver.

Auto Theft Rate in Wilmington

The auto theft rate in North Carolina is lower than the national average, but in Wilmington, it 's higher. There are about 350 vehicles 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
  • Wilmington number of auto thefts per 1,000 vehicles: 3.12

Be aware that you your auto policy must include comprehensive insurance in order to be reimbursed for an auto theft. Comprehensive insurance is often required by lenders until your vehicle is paid in full; but once it is paid off, this coverage becomes optional.

This “other than collision” insurance covers you against more than just car thefts. It also covers loss or damage caused by several other non-collision hazards such as falling objects, flash flooding, structure fires, and vandalism. This coverage is especially important if you are insuring a high-value vehicle.

Why Work with an Independent Insurance Agent?

Independent insurance agents can be a great source of information when you are shopping for coverage. These insurance professionals can explain your various options, answer your insurance-related questions, and provide you with a variety of customized car insurance quotes. That way you can choose the policy that offers the coverage you want at the lowest price. 

Contact an independent agent in or near Wilmington to start your search for the best car insurance policy. 

Sources © 2019, Consumer Agent Portal, LLC. All rights reserved.

http://www.naic.org/prod_serv/AUT-PB-14.pdf

http://www.city-data.com

© 2019, Consumer Agent Portal, LLC. All rights reserved.

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