High Point Insurance Basics

Residents of High Point, North Carolina, managed to get lucky when it comes to insurance prices--both car and homeowners insurance fall well below the national average as well as far below their neighboring states.

Knowing a few insurance basics can help you keep your High Point insurance quotes low, so you don't end up overspending.

High Point Insurance for Cars
Depending on your driving record and various other factors, your High Point insurance quotes will probably be right around the state average of $591 a year. This isn't bad, considering the national average is nearly $800.

Minimum requirements in North Carolina include:

  • Bodily Injury Liability: $30,000/$60,000. If you cause an accident, your bodily injury insurance covers the costs of medical bills to the other party; in this case, up to $30,000 per person or $60,000 per accident. However, if their costs exceed that, or if they sue you, then you are responsible for the leftover amount after your insurance is applied.
  • Property Damage Liability: $25,000. This covers the property you damage in an accident, from fences to bicycles to buildings.

These are minimums are only cover damage caused to other vehicles and property. More comprehensive High Point insurance quotes would also include the following coverage:

  • Collision. This covers repair or replacement costs to your own vehicle following an accident.
  • Comprehensive. This insurance covers costs unrelated to an accident, such as theft or weather damage.
  • Uninsured motorist. This coverage protects you and your vehicle in the event you are involved in a hit and run or you are hit by an uninsured driver.
  • Personal Injury Protection. This will cover your medical costs if you are hit by an uninsured or underinsured driver.

High Point Insurance for Homeowners
When it comes to the price of homeowners insurance, North Carolina is much luckier than its neighbor South Carolina; North Carolina residents pay an average of $649 a year while South Carolina residents shell out over $800. Unlike much of North Carolina, High Point residents don't need to worry about hurricanes since they are situated more inland rather than on the coast.

If you're like many homeowners in North Carolina, you'll probably end up with HO-3 insurance, which is the most common type. This will cover 16 common "perils," which include:

  • Lighting
  • Fire and smoke damage (this does not include arson)
  • Tornados
  • Hail storms
  • Heavy winds
  • Explosions
  • Riots
  • Aircraft/vehicles
  • Vandalism/malicious mischief
  • Theft
  • Falling objects
  • Snow or ice
  • Sudden and/or accidental damage from air conditioning, heating, plumbing, or electricity

Your policy will also list exclusions, which will typically include damage from flooding (flood insurance must be purchased separately), hurricanes, and anything else specific to your policy.

Saving on High Point Insurance Quotes
Shopping around for insurance quotes and comparing them is crucial for making sure you are getting the best deal possible on your insurance. A quick and easy way to do this is through netquote.com. This handy site provides you with everything you need to know about insurance in your area, from state minimums to requirements. From there, you can get multiple High Point insurance quotes within minutes.