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North Carolina drivers will see a 5% car insurance increase starting June 2025, averting a larger hike.
North Carolina drivers will face a 5% increase in car insurance premiums starting June 2025, following a settlement between Insurance Commissioner Mike Causey and the North Carolina Rate Bureau.
The agreement averted a potential 22.6% rate hike that had been expected due to a canceled rate hearing.
The final decision reflects a compromise to balance insurer costs with affordability for consumers.
The adjustment applies to policies renewing in June and is now finalized, with no further changes announced.
The update affects all residents across the state as part of ongoing efforts to maintain a stable auto insurance market.
Los conductores de Carolina del Norte verán un aumento del 5% en el seguro de automóviles a partir de junio de 2025, evitando una subida más grande.