Auto Insurance – Rules and Regulations

North Carolina has some very strict limits for drivers with NC car insurance. It is one of the few states with mandatory minimum requirements for a policy. The limits for a personal vehicle (as opposed to a commercial vehicle) are: $30,000 for bodily injury to one person and at least $25,000 for property damage caused by an accident involving your car.

North Carolina is also one of the few states that does not require comprehensive, collision, medical or uninsured motorist insurance payments (if you are involved in an accident and the other party is injured and does not have insurance, this part of your insurance would pay the tab for his injuries). Of course, even though the state has recommendations and limits, most of these are overshadowed by leasing companies that insist not only that you have insurance, but that you have much higher minimum limits, usually the maximum. what you can buy

Insurance must be maintained on an ongoing basis and if your insurance is canceled for any reason, including non-payment or perhaps your company has changed, your company must notify the North Carolina Department of Motor Vehicles immediately and you will need to complete the form FS5-7 when necessary. it comes in the mail. This is your opportunity to explain the cancellation and provide updated insurance information.

Proof of insurance should be carried with you at all times, preferably in the form of an FS-1, which is a certificate issued by your insurance company at the time of renewal. If you are found to be driving a car without insurance, there are some severe penalties including losing your license plate for up to thirty days.

If you have a teen in your home who recently obtained a driver’s license, they may be able to participate in the GDL or Graduated Driver’s License program. The parent and teen must sign an agreement that specifically outlines certain restrictions that must be followed when the teen drives. For example, do not drive at night after 9:00 p.m.

Additional credit is given to teens who have had their learner’s permit for more than six months, and another credit is given if the teen promises to have no more than one non-family member when driving.

The longer this agreement between parent and teen driver is in place (ages 16-18 are considered best), the better your auto insurance rates will be.