North Carolina motor vehicle law requires that motor liability coverage be maintained on an ongoing basis. Liability insurance protects drivers and their families against injuries and property damage caused by the negligence of other drivers who might have limited, minimal, or no liability insurance. To avoid penalties and fees, a person should not cancel their insurance until they have handed over their license plate to the N, C. A person who has established a permanent residence outside North Carolina should not rescind their North Carolina insurance policy until they have handed over their North Carolina license plate to the NCDMV.
Failure to do so could result in a civil penalty. If the license plate is lost or stolen, you must complete an MVR-18A form. NCDMV Customer Service (91) 715-7000 Send messages Postal Addresses Search for contact information for NCDOT employees, local offices and more. North Carolina does not allow policyholders to file reduced value compensation claims after an accident.
North Carolina is a state at fault when it comes to financial liability for injuries, vehicle damage, and other losses resulting from a car accident. However, driving alone with liability insurance can result in costly bills for your own property or injuries, which are not covered by exclusive liability insurance. Drivers should also consider taking out other types of auto insurance to better protect themselves, since liability insurance doesn't cover the policyholder's injuries or property. The term “liability only” auto insurance is used to distinguish policies with basic coverage from those with collision insurance and comprehensive coverage.
Drivers who don't meet North Carolina's minimum auto insurance requirements will face penalties, fines, suspensions, or jail terms. In other words, the person who was at fault for causing the car accident is responsible for compensating anyone who suffered harm as a result of the accident (although from a practical point of view, it is usually the at-fault driver's insurance company that covers these losses, up to the limits of the policy). Liability insurance is car insurance that covers damage or injury to a third party's property in the event of an accident. If you've been involved in a car accident in North Carolina and need help with the insurance claim process, it might make sense to discuss your situation (and your options) with a legal professional.
Learn more about when you might need a car accident lawyer and what to expect from your first meeting with a car accident lawyer. Liability insurance is the least expensive car insurance because it provides minimal coverage. For example, both collision insurance and comprehensive insurance cover damage to the policyholder's car. North Carolina's liability insurance law is strictly enforced and insurance companies must notify N.
For advice on whether liability insurance alone is sufficient for your situation, see WalletHub's guide to how much auto insurance you can take out. MoneyGeek also ranked the best auto insurance companies in North Carolina for those who want solid service and affordable rates.