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Majority of North Carolinians purchase optional policies for auto insurance

Posted On Thu, March 10, 2011

Even though they don't have to, many North Carolina motorists are purchasing additional coverage on their auto insurance policies.

According to the North Carolina Rate Bureau, on top of the required injury liability, property damage liability and uninsured motorist coverage, a majority of of policyholders are also purchasing additional coverage plans. For instance, 73 percent of policies include medical payments, 71 percent add comprehensive coverage and 65 percent add collision protection to their plans.

The average cost of these additional coverage plans was also released. Collision was the highest average at $245 in 2009 and medical payments was the least at $31.

The report issued details of what policyholders purchased in 2009, which is the latest year data of this kind is available.

While auto insurance rates are rising throughout most of the country, premiums in North Carolina have largely remained stable for some time. In February, the North Carolina Rate Bureau announced it would keep rates the same in 2011, making it the 10th straight year rates have stayed the same. This may help explain why state motorists are more willing to buy additional protection on their policies.

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