Wilmington is located near the river Cape Fear. The city is famous for tourist attraction like the Riverwalk, which is 1.75 miles long. Major movies and TV shows including Iron Man 3 and Dawson’s Creek were produced in Wilmington. It has a population of over 115,000 residents and is a beautiful city in North Caroline.
Auto insurance in Wilmington NC must have minimum liability insurance by law. The minimum liability coverage required in Wilmington are as below:
- Bodily injury – $25,000 per person
- Bodily injury – $50,000 per accident
- Protection for personal injury – $15,000 per person
- Protection for personal injury – $30,000 per accident
These are the minimum coverage required by the state law when you buy auto insurance in Wilmington NC. However, it is recommended to opt for coverage above this limit. Accidents are unexpected and in unforeseen circumstances, if you meet with an accident and if the expenses exceed the minimum liability amount; you will have to pay for the expenses from your pocket. To avoid spending from your pocket, it is advisable to insure more than the minimum required amount.
Types of Coverage for Auto Insurance in Wilmington NC
Also, additional coverage will be turn out to be beneficial in the event of an accident. Below are some of the coverages you can add to your car insurance in Wilmington North Carolina:
- Collision coverage will pay for damages to your car in the event of an accident.
- Comprehensive coverage will take care of damages caused due to fire, theft, or weather conditions.
- Medical expenses will take care of hospital bills or expenses from an injury
- Protection for personal injury will take care of medical expenses as well as other losses due to the accident such as loss of wages.
- Uninsured or underinsured motorist insurance coverage is beneficial if you were in an accident with an uninsured or underinsured driver.
Factors that Determine Car Insurance in Wilmington North Carolina
For a driver to get reasonable auto insurance, they have to maintain their driving records and credit rating. A driver with a good driving record will get a discounted insurance charge as compared to a driver with at-fault accidents or violation of laws. A driver who drives recklessly is more likely to get into an accident and cause damages and injuries. This would lead to the filing of claims. Hence, insurance companies will charge higher insurance premium to drivers who have spotted driving records.
A person with a poor credit rating is more likely to file for claims as compared to a person with an excellent credit rating. Hence, maintaining or improving your credit score can be an advantage. Driver’s age is a factor considered by insurance companies. A teenager pays much higher insurance premium than a driver in his 60s. The premium amount starts to decline from the age group of 20 and onwards. A married driver pays a discounted premium than a single driver. A single status driver pays a higher premium than a divorced or widowed driver.
Location is also a factor considered by insurance companies. The residents in a locality with theft and accidents will have to pay an expensive premium amount. The residents in such locality are likely to file claims for theft or accidents than a resident from a locality with less or nor crime or accidents. The factors like driving records and credit score can be maintained by drivers; however, it is difficult to maintain some factors like age and gender.
Even marital status and location are not easily controllable factors. A driver can control their driving records and credit history. Avoid any damages to your driving history by following the laws and being a safe driver.
Even marital status and location are not easily controllable factors. A driver can control their driving records and credit history. Avoid any damages to your driving history by following the laws and being a safe driver.
Lastly, buying insurance from a reputed company is crucial. Purchase auto insurance from a company that you can trust and are financially stable. You can check our list of the best car insurance companies on the market. Check the ratings on NAIC to know which companies are top most companies from where you buy insurance.
