Auto Insurance Wilmington NC -The Basics

Every person young or old needs car insurance.  At AAC we have experience and know how.  We can help you find just the coverage you need.  Our Agents also know how to help you find the right price.   We have years of experience in helping drivers find coverage.  When you buy auto insurance it can be confusing if you don’t know the basics  So lets start with the types of coverage available.

Car Insurance Coverage

There are two types of auto insurance you can purchase.

Liability Coverage –  This is the bare minimum coverage.  It covers the other persons vehicle if you are in an accident.  Most states require you to carry at least liability limits to protect the other driver.

Full Coverage –  What is full coverage? It can pay for damage to your car and the other parties car.  If you have a Lien holder (a car payment) you are generally required to carry this type of coverage.

Liability Insurance

Liability Insurance on your car is broken down in to several areas.

Bodily Injury – This area determines how much the insurance company will pay for injuries to a person.    Different states vary as to the required minimum.    In North Carolina the minimum is 30/60 and the maximum is 300/300.  What does it mean?  If you are in an accident and you carry Bodily Injury of 30/60 the insurance company will pay out $30,000 per person and up to $60,000 per accident.   For more information check out the Consumer Guide to Auto Insurance.

Physical Damage – This covers the actual damage done to the property (car).  The North Carolina state minimum is $25000.  However you can carry up to $300,000.  What you purchase is how much the insurance company pays out.   For more information check out the Consumer Guide to Auto Insurance.

Full Coverage Insurance

Comprehensive – This covers your car in the event of anything besides a collision.  It can include theft, vandalism, natural disasters, falling objects, fire, hail, flood, animal damage.  You can decide on various deductibles for this type of coverage.

Collision –  It covers the insured’s car in the event of a collision with another vehicle or object.  You can decide on various deductibles for this coverage.