Getting Started with Insurance as a Young Adult in North Carolina
Stepping into adulthood comes with big milestones—moving into your first apartment, buying your first car, and gaining financial independence. With these exciting changes comes the responsibility of making sure you’re properly insured. Whether you’re renting your first place or purchasing a vehicle, having the right coverage ensures you’re protected from unexpected costs and liabilities.
At Sizemore Insurance, we specialize in helping young adults find the best policies that fit their needs and budget. Here’s what you need to know about renters and auto insurance.
Renters Insurance: Protecting Your Belongings and Liability
Even if you don’t own your home, you still need insurance. Renters insurance is a low-cost way to protect your belongings and provide liability coverage in case of accidents. Many landlords even require proof of renters insurance before you can move in.
What Does Renters Insurance Cover?
- Personal Property Protection – Covers your belongings from theft, fire, water damage, or other unexpected events.
- Liability Coverage – Protects you if someone is injured in your apartment or if you accidentally damage someone else’s property.
- Loss of Use Coverage – Pays for temporary living expenses if your rental becomes uninhabitable due to a covered loss.
How Much Does Renters Insurance Cost?
Renters insurance is one of the most affordable types of insurance, often costing as little as $15–$30 per month, depending on coverage amounts and deductibles.
How to Save on Renters Insurance
- Bundle with Auto Insurance – Combining your renters and auto policies can often lead to discounts.
- Increase Your Deductible – Choosing a higher deductible can lower your monthly premium.
- Install Safety Features – Having smoke detectors, security systems, or deadbolt locks can qualify you for additional discounts.
Auto Insurance: What Young Drivers Need to Know
Auto insurance is not only a legal requirement in North Carolina but also a crucial way to protect yourself financially in case of an accident. Rates for young drivers tend to be higher, but there are ways to secure affordable coverage.
What Auto Insurance Covers
- Liability Coverage – Covers injuries or property damage you cause to others in an accident.
- Comprehensive Coverage – Protects your car from theft, vandalism, or weather-related damage.
- Collision Coverage – Pays for repairs to your vehicle after an accident, regardless of fault.
- Uninsured/Underinsured Motorist Coverage – Protects you if another driver is at fault but doesn’t have enough insurance.
Ways to Save on Auto Insurance as a Young Driver
- Good Student Discount – Many insurers offer discounts for students with a GPA of 3.0 or higher.
- Safe Driving Discounts – Completing a defensive driving course or avoiding accidents can lower your premiums.
- Adding to a Family Policy – Staying on a parent’s policy, if possible, can be more affordable than having your own.
- Shopping for the Best Rates – As an independent insurance company, we compare multiple carriers to find the best option for you.
Get the Right Coverage for Your Needs
Renters and auto insurance are essential protections that provide peace of mind as you gain independence. The right policies ensure that your personal property, financial stability, and future are secure. At Sizemore Insurance, we’re here to make the process simple and affordable.
Start your quote today and let us help you find the best coverage at the best price.
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