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Insurance, Don't leave home without it!

Most states require that you have auto insurance on your car, truck, or van.   Most banks require auto insurance before you receive an auto loan.  Depending on the price paid for a used car, you should ask about full coverage insurance prices.  Laws differ from state to state. The sites listed below will help you with the laws in your state and give you free quotes.

Auto Insurance Evaders Have New Trouble Coming

The North Carolina General Assembly, as well as many of their residents has grown sick and tired of people registering their cars in the state for the lower auto insurance rates that don’t actually live there. The problem is that North Carolina has some of the lowest auto insurance rates in the country, so people like to sign up for their car insurance there.

However, residents are tired of them coming and using their auto insurance and getting the better rates, and then going into other states and getting into accidents, thus driving up the rates for the rest of the actual residents of the state. They have been putting pressure on their legislative leaders to do something about it, and they have finally responded.

The General Assembly has a new legislative bill called the “rate evasion” bill is backed by the state Department of Insurance, and already got the unanimous consent of the House Committee on Insurance. The bill now goes to the entire House to be decided upon from here.

The new bill makes it illegal for out of state drivers to fake North Carolina residence to get their auto insurance rates. It also required auto insurance companies to verify the address of their auto insurance applicants. This way they would be responsible for those they give car insurance to, and by holding them accountable it makes them more diligent in their efforts to only give auto insurance to true NC drivers.


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