“Simply put, severe storm damage is becoming more common, it's impacting more homes, and it’s more expensive to rebuild afterwards," the NC Rate Bureau said.
Auto insurance rates are set to rise an average of 5% across North Carolina on new and renewed policies starting after Oct. 1.
Rates increased on average by 7.5% as of June 1 and will rise another 7.5% on June 1, 2026, making owning a home in North Carolina more expensive.
Buckle up, North Carolina vehicle owners! Your auto insurance may be going up over 20% later this year.
After requesting an average rate hike of 42% in homeowners’ insurance rates in January, now comes word that the North Carolina Rate Bureau (NCRB) wants to raise mobile home fire policies (MH-F) an average of 83% and 50% for casualty policies (MH-C), both broken down over a three-year period. That’s according to a press release from the North Carolina Department of Insurance (NCDOI).
Get Reminded When We Go LIVE on Election Night!
