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North Carolina auto insurance rates are going up 5% on average in settlement

  • North Carolina approved a settlement to raise average car insurance rates by 5% starting October 1, 2025, statewide.
  • The settlement resulted from a February 2023 request by the North Carolina Rate Bureau that initially sought a 22.6% increase.
  • The agreement also includes a 16.3% reduction in motorcycle liability rates and follows a recent law raising minimum auto liability limits.
  • Insurance Commissioner Mike Causey expressed satisfaction that the average rate increase was limited to 5% and emphasized that North Carolina’s auto insurance premiums remain among the lowest nationwide.
  • The settlement helps address upward pressures from distracted driving, speeding, and repair costs but does not fully close the cost gap for insurers.
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North Carolina auto insurance rates are going up 5% on average in settlement

North Carolina automobile insurance rates are poised to increase statewide this fall by a 5% average as part of an agreement reached between state regulators and the insurance industry.

·United States
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  • 57% of the sources are Center
57% Center
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Wral News broke the news in Raleigh, United States on Monday, June 9, 2025.
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