In recent years, car insurance laws in Fuquay Varina have changed significantly. In an effort to prevent fraud and make sure that all drivers can get the coverage they need at an affordable price, the North Carolina General Assembly has passed numerous new laws regarding auto insurance coverage in Fuquay Varina. This article will provide you with an overview of these new laws, as well as their potential implications on you as a Fuquay Varina driver and consumer.
Did you know...
In January 2014, a new set of laws went into effect that dramatically changed NC's car insurance requirements. Most notably, these laws now require drivers to carry more car insurance coverage - including uninsured motorist coverage for those who have been injured by an uninsured driver and underinsured motorist coverage for those who have been injured by a driver with liability limits that are not sufficient to cover their injuries. Additionally, because bodily injury is no longer capped at $30k per person and $60k per accident, many drivers will be required to purchase even more insurance than they used to be required too... If you've been wondering how all of these changes may affect you or your Fuquay-Varina auto insurance needs... contact our agency today! We can help!
A law was passed regarding car insurance
Drivers must have proof of insurance when they are driving on public roads. The law also states that drivers must display their insurance to any officer who requests to see it at any time. Violation of these laws will result in an increased fine, and could even lead to a suspended license or revoked registration, depending on your state’s laws. Even if you have never been pulled over before, now is a good time to know what documents you should have readily available if you’re ever asked for them.
This affects you and your premiums
A new study finds that those who receive tickets when they’re behind-the-wheel end up paying more for car insurance. According to a Consumer Reports study, drivers with at least one ticket or accident on their driving record are charged, on average, 47 percent more than people with clean records. Another big factor? Your age and gender. Twenty-somethings get hit with higher rates than any other age group because they’re considered a high risk due to inexperience and poor judgment. Both genders, however, may pay less if you’re single as opposed to married or divorced. Married couples typically have fewer accidents overall while divorced people are twice as likely to cause an accident as singles (does anyone know why?). Women also tend to be safer drivers overall, so you might pay slightly less if you happen to be female. Note: These figures come from rate comparisons published by NerdWallet but don't represent national averages; prices will vary by company. Rates depend on many factors including your specific policy and location of residence so talk with an agent before making any decisions. You can view an updated comparison of quotes here . Good luck! Thanks! Help spread the word about good local businesses!
Here are details about new car insurance laws in Fuquay Varina
If you are an NC resident, there is something important you should know. On July 1st, 2015, new laws regarding car insurance went into effect. Since then, an estimated 250,000 people have been driving without valid car insurance coverage. If you live in Fuquay Varina or anywhere else in North Carolina for that matter, and drive a car—no matter how seldom—you must be aware of these changes. If not, you could be fined $300 to $1,000 for your first offense and as much as $1,000 to $10,000 if it is later discovered that you were driving without insurance on multiple occasions. Most importantly though: being caught with invalid auto insurance could result in suspension of your driver’s license! So take heed before you continue reading... Here's what happened: Starting July 1st, anyone involved in an accident can initiate a request for a no-fault insurance investigation by completing and submitting a form available from their local DMV office. If your vehicle was determined to cause the accident (regardless of fault), either by yourself or another person (such as an eyewitness), then you will be issued fines similar to those if found guilty of running a red light ($100). In addition, your driver’s license will remain suspended until proper proof of future liability coverage has been presented. Here's what's different than before: Previously drivers with uninsured cars had their vehicles impounded by police after getting caught, sometimes months after they had gotten behind the wheel illegally.
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