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Effective October 1, North Carolina's auto insurance rates will increase by an average of 5%.
North Carolina's auto insurance rates will rise by an average of 5% starting October 1, following a settlement between state regulators and the insurance industry.
This increase is notably lower than the initially proposed 22.6% hike.
The agreement also includes a 16.3% decrease in motorcycle liability insurance rates.
Factors such as distracted driving and higher repair costs have contributed to the rate adjustment.
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A partir del 1 de octubre, las tasas de seguro de automóviles de Carolina del Norte aumentarán en un promedio del 5%.