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North Carolina Car Insurance

Comparing the offers made by different North Carolina car insurance companies can be a great way to save money and get an excellent North Carolina car insurance quote. On average, drivers in North Carolina paid $596 per year for auto insurance in 2006, making it the eighth least expensive state in the country for North Carolina car insurance. However, these prices have increased since then and when compared against the average income of North Carolina residents, auto insurance still constitutes a major expense for many people. Obtaining free quotes is both quick and easy and can be well worth the time spent doing so.

North Carolina was one of the first states in the union to make auto insurance compulsory, doing so in 1957. Not only is it one of the first states to make car insurance mandatory, but it is also one of the most strictly enforced states as well. Whenever coverage is ended, at the behest of either the customer or the North Carolina car insurance company, notice is sent to the state. Once this happens, the state actively penalizes uninsured motorists. The minimum requirements for liability car insurance in North Carolina are $30,000 for bodily injury for one person, up to $60,000 for all injured persons, and $25,000 for property damage.

North Carolina does not offer an alternative to having coverage and does not provide a public option. Drivers with bad records that are denied normal coverage are placed in the "reinsurance facility" that offers coverage that exceeds the state's minimum requirements at a much higher premium. This is the only alternative available to North Carolina residents with bad driving records that require car insurance. The determination that a driver is "high risk" is at the discretion of the car insurance companies, but consumers can appeal decisions and determinations to the North Carolina Department of Insurance.

After deciding to purchase North Carolina car insurance in order to drive legally, the next step is to research the options available to you. The industry tends to be dominated by a few major companies that can offer the lowest rates because of their size and number of customers. However, because the North Carolina car insurance industry is so competitive, you may be able to find a niche provider that suits your needs. These niche providers are extremely diverse and may emphasize the type of driver (for example, long distance drivers), the type of vehicle (for example, European sports cars), or other characteristics that can be used to define a niche. There may be an enormous number of companies offering North Carolina car insurance estimates that you qualify for.

The fact that the market is very competitive helps the consumer in two ways: it results in competitive pricing and it encourages providers to make getting a quote quick and easy. Thanks to the Internet, a general quote for North Carolina car insurance is often just a few clicks away as almost all North Carolina car insurance companies offer this feature on their websites today. These free quotes only take a few minutes to get, but are also just general quotes and may, or may not, represent the actual amount that coverage will cost in the end. However, this is certainly the most appropriate first step to take to reduce the list of potential insurers down to just a few prime candidates. These general quotes will give you a basic idea of what companies are worth investing more time in.

To get a free quote from an insurer's website, you will have to share some personal information about yourself and the vehicle you want to insure. This information usually involves telling them specifically where you live, a number of odd bits of information about your personal life, such as how old you are and if you are married, as well as information about your car. This information is used to calculate a partial risk assessment.

North Carolina car insurers use a wide array of complex metrics to assess the risk presented by an applicant. The company's aim is to determine how much of a risk you represent and then, based on this, to determine whether or not to insure you and under what terms to do so. Different insurers use different formulas to determine what risk you represent; therefore, the conclusion reached by one company may not be the same as that reached by another. For this reason, getting quotes from multiple firms can be extremely useful. A factor that carries a lot of weight with one insurer may be less important to another, meaning that you may get a better deal with one than the other.

Where you live gives the North Carolina car insurance company a better idea of your general financial condition and also helps assess the risk that your car will be involved in a criminal act, such as being stolen. Mecklenburg County (Charlotte, NC) has the highest per capita income in North Carolina car insurance as opposed to Hoke County (west of Fayetteville, NC) that has one of the lowest. To an insurer, someone living in Charlotte looks better than some living in Raeford. On the other hand, Vance County (north of Raleigh, NC) had the state's highest crime rate and Alleghany County (northwest of Winston-Salem, NC) had the state's lowest crime rate. The affluence of your area and its crime rate will have a direct effect on your North Carolina auto insurance premiums.

The personal status information you provide when getting a free North Carolina car insurance quote is used in another risk metric. This one looks at the personal status attributes of people that file North Carolina car insurance claims thereby identifying those attributes that tend to represent a higher or lower risk of getting in an accident. A lot of work has gone into developing this metric and it is now regularly used by the industry. Right now, married, middle-aged women represent the lowest risk, while single males under the age of twenty-five represent the highest risk. Your attributes – age, gender, marital status, and perhaps others – will be compared against those that have filed North Carolina car insurance claims and your premium will reflect the result of this calculation.

When analyzing risk, the type of vehicle you want to insure also plays a significant role. This metric looks primarily at two factors: the frequency that your type of vehicle is involved in accidents and the average cost of repairing the vehicle. The first factor determines that a sports car is more likely to get involved in an accident than a late model sedan, so the sports car would have a higher premium. The second factor says that a vintage European luxury car will cost a lot more to repair than an inexpensive Japanese sedan, so the European car will have a higher premium. Whatever vehicle you are trying to have insured will fall somewhere in the insurer's calculations, having an impact on your North Carolina car insurance rate.

Getting a free online car insurance quote can be an affective way to lower your monthly premiums. These savings can amount to hundreds of dollars annually.

So what are you waiting for? Compare cost and coverage details from the North Carolina cities of: Charlotte, Gastonia, Concord, Raleigh, Cary, Greensboro, High Point, Durham, Winston, Salem, Asheville, Fayetteville, Wilmington, Burlington, Goldsboro, Greenville, Hickory, Jacksonville, Lenoir, Lexington, Lumberton, Mooresville, Morganton, New Bern, Rocky Mount, Salisbury, Statesville, Thomasville, Albemarle, Boone, Brevard, Dunn, Elizabeth City, Forest City, Henderson, Kill Devil Hills, Kinston, Laurinburg, Lincolnton, Morehead City, Mount Airy, North Wilkesboro, Roanoke Rapids, Rockingham, Sanford, Shelby, Southern Pines, Washington, Wilson and more.


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