Yes, uninsured motorist coverage is required in North Carolina. Drivers in North Carolina must purchase at least $30,000 in uninsured motorist bodily injury coverage per person (up to $60,000 per accident), as well as $25,000 in uninsured motorist property damage insurance per accident. Additionally, North Carolina drivers need $30,000 in underinsured motorist bodily injury coverage per person (up to $60,000 per accident), as well as $25,000 in underinsured motorist property damage insurance per accident.
Uninsured/underinsured motorist insurance covers a driver’s medical bills and repair costs after an accident if the at-fault driver doesn’t have enough coverage to pay for the damage. Normally, a North Carolina driver can collect damages from the at-fault driver’s liability insurance. However, if the other driver is uninsured, getting compensation can be time-consuming or nearly impossible. That’s where uninsured motorist coverage can help. Instead of having to file a lawsuit, you can file a claim with your own insurance company in order to pay your bills and get the repairs or treatment you need without waiting for the courts.
Even though car insurance is required in North Carolina, an average of 7% of drivers in the state don’t have car insurance. Car accidents in North Carolina can be extremely expensive, too. For example, fatal accidents in North Carolina have a total cost of $2.26 billion each year. As a result, uninsured motorist insurance is a smart investment for North Carolina drivers.
Key Facts About Uninsured Motorist Coverage in North Carolina:
Minimum Uninsured Motorist Bodily Injury: $30,000 per person and up to $60,000 per accident
Minimum Uninsured Motorist Property Damage: $25,000 per accident
Minimum Underinsured Motorist Bodily Injury: $30,000 per person and up to $60,000 per accident
Minimum Underinsured Motorist Property Damage: $25,000 per accident
Uninsured Drivers on the Road: 7%
Crashes per Year: $1.71 billion
Odds of a Crash with an Uninsured Driver: 1 in 15
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.