As one of the largest highway systems in the nation, accidents in North Carolina were causing thousands upon thousands of dollars in damages. This caused North Carolina to become one of the first states requiring drivers to carry auto insurance on their vehicles. The requirements began in 1957 and still remain in effect today. Anyone who registers a vehicle in the state must carry minimum amounts of insurance on their vehicles at all times in order to comply with these laws. A liability policy of 30/60/25 is required. These numbers reflect the amount the auto insurance company is willing to pay once your deductible has been met after an accident. $30,000 in Bodily injury coverage is required, with a total of $60,000 for all injuries in the accident. A limit of $25,000 is imposed for property damage. Remember that these amounts are only the minimum amounts. These amounts cover only damages imposed to the other parties vehicle and property. In order to cover the costs of damages to your own property, coverage such as collision and comprehensive coverage can be purchased. Due to the enormous costs of an accident many people choose to add these additional policies regardless of what is required by the state. The coverage must be purchased before the vehicle can be registered in the state and presented to the DMV when registering the vehicle. All vehicles, regardless of whether they are cars, trucks, vans, motorcycles, or SUV's must have insurance in place. Proof of insurance must be kept inside of the vehicle at all times. It must be presented any time a law enforcement official requests it, or after an auto accident, regardless of who is at-fault for the accident. The auto insurance company that you start your policy with will provide you with a card identifying you have a policy in place. If the coverage lapses or is canceled before the policy ends, the insurance is required to notify the DMV that the coverage is no longer in place. If coverage is canceled or lapses, you could lose your license plate for a minimum of 30 days, as well as pay a fine ranging from $50 to $150, depending on the number of previous lapses or cancellations you have had, as well as a license plate reinstatement fee of a various amount along with a $50 service fee. That's a lot of money out of your pocket! With an insurance policy in place you never have to worry about all of these fees as you are protected around the clock. It is never worth driving without insurance in place. Finding an affordable policy, whether you are looking for the state required coverage or more, can be easily done so you are not stuck to face the consequences of driving uninsured. Many drivers turn to the world wide web to find their insurance policies were policies and prices can easily be compared so that you know you are always getting the best policy at the lowest possible price.
Please Rate this Article 5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
