North Carolina car insurance rates depend on a number of factors. Each insurance company uses a different set of criteria to determine the level of risk that an applicant presents. A person who is a lower risk will pay less for their coverage than someone who presents a higher level of risk.
Car insurance companies in North Carolina may use any or all of the following pieces of information when determining rates for customers:
- Credit history
- Driving record (includes accidents and any moving violations)
- Location (customers in larger cities tend to pay more for coverage than those in rural areas)
- Marital status
- Vehicle make and model
Living in an area that is prone to car theft means that insurance rates will be higher than for neighborhoods that aren’t targeted by thieves as often. The insurance companies are considering the likelihood that an applicant for coverage will make a claim, and some of them have nothing to do with the individual personally.
A simple thing like storing the vehicle in a locked garage when not in use will also help to keep car insurance costs down, since it lowers the risk of the car being stolen or vandalized. It may seem like a minor detail, but one that the insurance company would be very interested in hearing about when determining rates.