Is it possible to get cheap car insurance in North Carolina if your driving record is less than perfect and your car is included on this year’s list of cars most at threat for being stolen? Actually, it is possible. While your car insurance company in the Tar Heel State may not be throwing discounts at you left and right, you can still find a way to get cheap rates.
Aside from taking advantage of discounts offered by car insurance companies, the simplest way to get cheap car insurance is by purchasing the minimum requirements. North Carolina’s minimum car insurance requirements are $25,000 for coverage of property damage per accident, $30,000 for coverage of bodily injury of one person per accident, and $60,000 for coverage of bodily injury of two or more persons per accident. The state also requires uninsured motorist coverage, in case you are struck by an uninsured driver.
So, how do you know if purchasing the state’s minimum car insurance requirements is the right option for you?
If your car is completely paid for, you may consider purchasing the minimum requirements, since you will not be forced by a lender to obtain greater coverage. If you borrowed money to purchase your car, your lender will most likely require you to purchase extra coverage to protect their loan. Once your car is completely paid for and only in your name, you are at greater liberty to choose your level of coverage. Also, if your car is very old and no longer of much value, it may be advisable to reduce your coverage as the car may not be worth the higher premiums.
Other instances in which you may want to purchase the minimum car insurance requirements is if you are a student or you are just entering the workforce. Students spend most of their time in class or studying, so finding a job that will pay high car insurance premiums is difficult. People who have just entered the workforce are trying to get on their feet and settled. Once students graduate and once new employees get on their feet, more coverage can be purchased.
However, not everyone wants the absolute cheapest car insurance policy, so you’ll have to take into account your financial situation and what makes you comfortable. Some people are happy paying for extra coverage due to the peace of mind they get from it.
You can start your search today for cheap car insurance in North Carolina at the top of this page. We only provide car insurance from trusted companies with a reputation for customer service.