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.
20 Articles
20 Articles

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.
NC Auto insurance rates to increase an average of 5%
Auto insurance rates are set to rise an average of 5% across North Carolina on new and renewed policies starting after Oct. 1. State Insurance Commissioner Mike Causey announced the increase in a press release on Monday as part of a settlement with the North Carolina Rate Bureau (NCRB). NCRB represents insurance companies that write automobile insurance policies in North Carolina and is not a part of the Department of Insurance. The agreement al…

NC drivers to see 5% increase in car insurance rates following settlement
North Carolina drivers will see a 5% increase in auto insurance rates starting Oct. 1, following a settlement announced Monday by Insurance Commissioner Mike Causey.
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