Kannapolis, NC residents often enjoy driving due to its subtropical climate, southern charm, and convenient location near the interstate. However, unexpected vehicle accidents do occur, and preparedness for such incidents is key. At Pethel Insurance Group, we offer comprehensive auto insurance for financial protection against covered losses. Renewing your auto policy each year safeguards you and others on the road, granting you peace of mind.
Reasons to Renew Your Auto Insurance Policy
There are several reasons to renew your auto insurance each year, including the following:
1. Legal Requirements
In North Carolina, all vehicles with a valid registration must have continuous liability insurance from a company licensed to do business in the state. Out-of-state policies are not accepted. Annual auto insurance renewal keeps you compliant with local laws and regulations.
2. Financial Protection
Auto insurance provides policyholders with financial protection in accidents, vehicle damage, or theft. Without adequate coverage, you could personally be liable for covering such expenses. Auto insurance also covers injuries and damages caused to third parties involved in an accident where you are at fault.
3. Lender Compliance
Many individuals work with lenders to finance their vehicles, making payments over time more manageable. Often, these lenders require borrowers to maintain comprehensive and collision coverage until the loan has been paid in full. Annual renewal of your auto insurance policy ensures continued compliance with these requirements.
Speak with an Experienced Insurance Agent Today
Located in Kannapolis, NC, Pethel Insurance Group is an independent insurance agency that has served the local area since 2006. To learn more about our auto insurance options, call us today at 704-933-9488.
