Insurance is a "must-have" for Kannapolis, NC automobile owners. Quite simply, it’s the law to have automobile insurance if you have an automobile. Understanding what type of insurance you need and why, however, can be significantly more complex.
Explore some of the basics of auto insurance in North Carolina. Pethel Insurance Group can help you navigate this important insurance coverage.
You Can’t Skip Out on Auto Insurance
Have you ever heard of people paying insurance sometimes and then letting it lapse? Well, in North Carolina that isn’t legal. The law requires automobile liability to be continuous — meaning you should always be covered and not have gaps in your coverage.
Minimum Auto Insurance
Not only must your insurance be ongoing, but it must cover a certain amount of damages. As listed by the state you must carry:
- $30,000 Bodily Injury for each person
- $60,000 total Bodily Injury for all persons in an accident
- $25,000 for Property Damage
What these legal guidelines mean is that you must meet a minimum of insured medical coverage for any person who may be involved in a car accident with you including those in your car and the other vehicle or vehicles. In addition to having basic medical coverage, you need to have a minimum amount of insurance for property damage that you may cause to the other party, such as engine work or body work needed for repair.
Uninsured Motorist Coverage
North Carolina also requires uninsured motorist coverage — this is your protection against people who don’t follow the rules. Uninsured motorist coverage may include your medical costs and sometimes vehicle repair if you are hit-and-run or have an accident with a person not holding legal insurance.
Learn about the auto insurance specifics that matter to you with Pethel Insurance Group in Kannapolis, NC.
If you’ve never had auto insurance or are new to it, you might not know about deductibles. This is a crucial element that you should learn about before you will end up needing to do anything with it. You can discuss this with an agent from Pethel Insurance Group of the Kannapolis, NC area if you have some specific questions.
What Is an Auto Insurance Deductible?
A deductible is what a driver will have to pay out of pocket for any repairs before they can tap into the insurance. They only apply when it comes to comprehensive and collision claims. The premium typically will be lower when the deductible is higher. This means that you’ll pay less for your insurance in general.
Insurance companies will sometimes offer diminishing deductibles on someone’s auto insurance policy. This is also known by the terms "disappearing" or "vanishing" deductible. It is additional coverage that serves as a reward for safe drivers. Drivers who don’t get into automobile accidents and continue to have a clean driving record end up with a decreased deductible amount as a type of reward.
Can You Choose Your Deductible?
Yes, in many cases, you will be able to choose if you have a low or high deductible. Auto insurance deductibles are different from health insurance because there aren’t any annual deductibles that you have to meet. However, you are responsible for the stated deductible in your insurance policy each time you file a claim. Once you pay this amount, your insurance company will pay out the rest of the cost to replace or repair your vehicle.
The process of getting and maintaining your auto insurance is made easier when you work with a trustworthy agent such as those at Pethel Insurance Group of the greater Kannapolis, NC area. Contact us today to get more information on deductibles and other aspects of auto insurance.