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There are typically 5 factors that insurance agencies use to structure your auto insurance premium in North Carolina.
First is your driving record. According to the North Carolina DMV, your driving record is made up of 5 pieces of information:
Your personal name and address
Drivers license number, status, and expiration date
Any motor vehicle-related convictions
Driver control actions, which consist of what offense you have made(failure to yield etc.)
Traffic wreck information
Pending charges will not be listed on your NC driving record.
Secondly is driving experience. We all know new drivers have higher rates, but at Victory Insurance inc. We help families find affordable insurance for new drivers in North Carolina.
Thirdly, is ZIP code. Insurance companies look at the claims history within a certain geographic area to determine the rates applicable to your ZIP code.
Fourthly, is your claims history. Your claims history is like credit history, but it records your insurance usage instead of your financial habits. A claim can remain on your claim history for 3 or 5 years depending on the company.
And lastly is the type of vehicle that you are trying to insure.
Shopping for auto insurance in North Carolina can be a hassle, but at Victory Insurance inc., we are dedicated to finding the right auto coverage that meets your needs and that is within budget.
See how much money we can save you in auto insurance costs, click the button below to get a free auto quote today!
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