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NC homeowners’ insurance rates to rise 15% over the next two years

Homeowners’ insurance rates will increase on average by 15% statewide over the next two years, a significantly lower rate than the average 42.2% rate increase the North Carolina Rate Bureau (NCRB) was seeking. North Carolina Insurance Commissioner Mike Causey announced Friday morning that his office and the NCRB signed an agreement that will see the...

Theresa Opeka
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Final decision on NC homeowners insurance rate hike request to be made public soon

North Carolina homeowners will know the results of a request made by the North Carolina Rate Bureau (NCRB) to raise homeowners’ insurance rates an average of 42.2% in the next week or so according to North Carolina Insurance Commissioner Mike Causey.

Theresa Opeka

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