Drivers across the country will be paying more for their auto insurance this year, according to a report from ValuePenguin.com. While that includes North Carolina, drivers in the Tar Heel State are expected to pay less than their counterparts.
The John Locke Foundation has urged lawmakers for more than a decade to reform a system that hurts good drivers and thwarts innovation.
Starting today, auto and motorcycle insurance rates are increasing in North Carolina.
Lawmakers on Monday began returning to Raleigh ready to file more bills and begin to committee meetings. Rep. Harry Warren, R-Rowan, filed a bill aimed at making it easier for auto-insurance companies to develop and implement driver-incentive plans. If approved, House Bill 43 would give insurers the option of continuing to use the N.C. Rate...
John Hood on policy debate between Center & Right; lawmakers and Aldona Wos discuss Medicaid problems; Joe Coletti on government efficiency; Harry Kaplan on competition in the auto insurance market; Sarah Curry on industries comprising N.C.'s GDP
RALEIGH — An effort to allow auto insurance companies to set their own rates collided with opponents on Tuesday as the bill failed to muster enough votes to get out of committee. Members of the House Insurance Committee, by an 18-11 vote, defeated the bill, leaving supporters looking for ways to move it forward.
RALEIGH — The bill that Rep. Jeff Collins, R-Nash, promoted during Tuesday’s meeting of the House Insurance Committee would allow auto insurance companies to set their own rates. Currently, rates are set by the N.C. Rate Bureau. Insurance companies could continue going through the rate bureau if they chose. But sponsors of the bill suggested that they wouldn’t.
