4 Things You Never Knew About Greensboro Car Insurance

There's an old saying about insurance - “It's better to have it and not need it than to need it and not have it.” For some, things like car insurance are simply a “necessary evil.” It's required if you want to drive legally here in North Carolina but, with so many different options available, why not just get the least expensive car insurance sold? The answer to that question can also be summed up with an old saying - “Good things ain't cheap and cheap things ain't good!” It's just as true with insurance as it is with those junk pliers or wrenches sold at the 99-cent store. They may look okay, but using them is a real disappointment.

What Kind of Car Insurance Do You Really Need?

Here in Greensboro, when you buy vehicle insurance you can opt for the least expensive policy, which provides the minimum amount of liability coverage required by state law, unless you're leasing or financing your vehicle. The minimum amount of liability insurance required by state law includes $30,000 bodily injury per person per accident, not to exceed $60,000 total for all injured parties, and $25,000 property damage. What you may not know is that this minimal amount of liability coverage will typically pay only a small portion of the actual damages in a real-world vehicle accident for which you're deemed responsible. Any excess amounts for damages will come out of your pocket. It's recommended you carry approximately five times the minimum required amount of liability coverage.

If your vehicle is being leased or financed, the company holding the contract will almost certainly require that you carry coverage to protect their financial interests. These would include collision and comprehensive coverage.

Other Things You Should Know About Your Greensboro Car Insurance

• Personal property damaged in or stolen from your car, such as a camera, laptop or big screen TV you're transporting, typically won't be covered by your car policy. Your homeowners or renters insurance may, however, cover these losses
• While standard homeowners insurance doesn't cover homes for earthquake damage, if you have comprehensive coverage on your car it should be covered, as are other “acts of God,” since these are not the responsibility of the vehicle owner
• If your car is damaged by wildlife or rodents chewing into your electrical wiring these should be covered, as is vandalism, under a policy with comprehensive coverage. Consider carrying comprehensive!