Vehicle accidents can leave devastating effects in its wake, not least financially. NC auto insurance is similar to that of other states. Policies are very simple and law only requires that drivers carry an adequate amount of liability auto insurance.

Liability insurance pays for property damage and bodily injury caused by the driver of the insured vehicle. The minimum required amount of cover is $30,000 for medical expenses incurred by the driver and $60,000 for combined medical expenses of all the occupants in the vehicle. A minimum of $25,000 is required for property damage resulting from an accident caused by the insured driver. Experts recommend a minimum of $100, 000 in individual medical coverage $300,000 in combined medical expenses and $100,000 in property coverage.

Insurance companies are obliged by law to notify the state of lapsed policies. If the problem is not corrected in the period allowed, the policyholder will have to pay fines.

These minimum amounts will not cover all of the expenses that are part of a major accident. Experts recommend all drivers carry 100/300/100 in coverage. Also mandated by the state is that all drivers must carry continuous liability coverage. Every auto insurance company is required to notify the state when a customer fails to renew their policy. When the state knows of the laps of insurance coverage, the policyholder will have a certain number of days to fix the problem or else will have to pay fees.

North Carolina law recommends collision and comprehensive coverage that will pay for damages resulting from a collision caused by the policyholder. If you do not have this coverage, you will be solely responsible for the necessary repairs. In the event of the vehicle being written off, the policyholder will be responsible for the repayment of any lien even if they no longer have the vehicle. Therefore, it is required that any vehicle, which is under lien, also has comprehensive insurance cover.

Uninsured motorist insurance is strongly recommended in North Carolina to help cover damages resulting from an accident involvement with an uninsured driver or a driver with insufficient insurance. If you do not have uninsured motorist insurance, you will be left responsible for paying the medical as well as repair expenses yourself. This could result in costly lawsuits in order to seek compensation from the uninsured motorists personal assets. Uninsured motorists insurance cover is also helpful in the event of a hit and run accident.

Bodily injury liability is mandatory and can be divided into two different parts. It is important to note that this policy does not provide medical cover for the policyholder and other members on the policy. They will require additional cover.

Property damage liability covers the other driver whose car is damaged in a collision where the policyholder is at fault. Property damage can include other vehicles, buildings, fences and lampposts. As with bodily injury liability, this does not apply towards any expenses incurred by the policyholder. The policyholder will have to buy additional cover for their own vehicle.

Many factors can contribute to saving money on your insurance premium. Many aspects play a part in making up your payment. The type of car you drive is one of the most important aspects. A flashy new sports car will be more expensive to insure than a slower, heavier and older car.

The NCDI or North Carolina Department of Insurance can provide you with any specific information you require with regard to your personal insurance needs. NC auto insurance is helpful in dealing with all kinds of damages and losses that arise because of theft, accidents or malicious damage to your car.

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