Car insurance providers request major price hike in North Carolina

The cost of your car insurance could increase by more than 20% by the end of this year. According to a Tuesday press release by the North Carolina Insurance Commissioner, Mike Causey, insurance companies in the state of Tar Heel have requested an average state increase of 22.6% in car insurance rates. The North Carolina Tariffs Office (NCRB), which represents state car insurance companies and is not part of the North Carolina Insurance Departmen…

Automobile insurers request 22.6% increase for N.C. motorists

RALEIGH, NC (WWAY) — North Carolina insurance companies have requested a statewide average 22.6% increase in automobile insurance rates. According to a press release, the North Carolina Rate Bureau, which represents the automobile insurance companies in the state and is not a part of the Department of Insurance, filed the request with the Department on Monday. The insurance companies requested that the rates take effect on Oct. 1. State law give…

Car insurance companies ask for 22.6% rate increase in North Carolina

Auto insurance companies are asking for a sizable rate increase in North Carolina, up an average of 22.6%. The request for the rate increase was filed by the North Carolina Rate Bureau on Monday, the state Department of Insurance said. The companies asked that their proposed insurance rate hike take effect Oct. 1.

Auto insurance industry requests average rate increase of 22.6 percent in N.C.

Special to IFN RALEIGH — North Carolina insurance companies have requested a statewide average 22.6 percent increase in automobile insurance rates. The North Carolina Rate Bureau, which represents the automobile insurance

Car insurance providers request major price hike in North Carolina

Insurance Commissioner Mike Causey has 60 days to review the request to determine if it's justified or negotiate a settled rate increase.

North Carolina auto insurance companies ask for 22% rate increase

North Carolina insurance companies have requested a statewide average increase of 22.6% in automobile insurance rates, according to the North Carolina Department of Insurance.  The request was made through the North Carolina Rate Bureau, which represents vehicle insurance companies, according to the release. The companies are requesting the rates take effect Oct. 1.  According to the release, the commissioner of insurance has 60 days to review t…