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flag Effective October 1, North Carolina's auto insurance rates will increase by an average of 5%.

flag 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. flag This increase is notably lower than the initially proposed 22.6% hike. flag The agreement also includes a 16.3% decrease in motorcycle liability insurance rates. flag Factors such as distracted driving and higher repair costs have contributed to the rate adjustment.

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