Best Local Car Insurance Agencies in Durham

Frequently Asked Questions

• Introduction

  A way to stay protected while on the road, car insurance offers a financial safety net should accidents occur, regardless of who's at fault. The right car insurance agency can be very valuable, providing a way to purchase an ideal level of auto insurance coverage for personal circumstances. Agencies can help customers select the most beneficial coverage options while saving money on their insurance plan. With help from a qualified agency, it's possible to feel safe and secure behind the wheel.
  

• Is there a minimum liability coverage for auto insurance required in Durham?

  In accordance with the North Carolina Motor Vehicle Law and the regulations set by the North Carolina Department of Insurance (NCDOI), motorists in Durham are mandated to maintain a minimum liability auto insurance policy that provides the following coverage per accident: $30,000 for bodily injury per individual, $60,000 for bodily injury for all parties involved (total aggregate), and $25,000 for property damage.

• Are teenagers covered under their parent’s auto insurance policy in Durham?

  In Durham, teen drivers who are in the learner's permit stage are typically covered under their parents' existing auto insurance policies. It's not necessary to add them as additional drivers to the policy until they receive their full driver's license. However, note that obtaining insurance coverage for teen drivers may result in higher premiums.

• Can you choose to self-insure your vehicle in Durham?

  If you have a minimum of 26 vehicles, you have the option to seek approval from the commissioner to become a self-insurer in Durham. The commissioner will require documentation proving your financial stability, such as an income statement or financial statement, and upon approval, will grant you a certificate. Note that in the event that your vehicles are involved in an accident, you will be responsible for covering the damages using your personal financial resources.

• Is car insurance mandatory in Durham?

  Yes, car insurance is mandatory for all vehicles registered in Durham. The law mandates that vehicles must have liability insurance with a minimum coverage of at least $30,000 per person and $60,000 per accident. Failure to have this insurance can lead to a class 3 misdemeanor offense, resulting in a permanent criminal record upon conviction.

• How long do you have to report a car accident to your insurance company in Durham?

  It’s highly advised to report a car accident to your insurance company in Durham as soon as possible. Most insurers offer 24-hour accident claim hotlines and mobile apps for quick reporting. The time limit for reporting accidents varies among policies, so it's essential to check your specific policy terms or consult your insurance agent if you are unsure.

• What is car insurance?

  Car insurance is a form of insurance that can cover damages to cars, drivers, passengers, and other property when an accident occurs. If another car crashes into a driver, or if a driver causes an accident, car insurance will pay most or all of the cost of repairs.