October 25, 2025
Auto Insurance Rates Increasing October 1
RALEIGH – Insurance Commissioner Mike Causey announced Monday a settlement with the N.C. Rate Bureau on automobile insurance rates.
The settlement provides for an average statewide increase of 5 percent. The settlement is 17.6 percentage points lower than what the Rate Bureau requested in February. The agreement also includes an average statewide 16.3% decrease in motorcycle liability insurance rates.
“With factors such as distracted driving, excessive speeding and increased automobile repair costs putting upward pressure on insurance rates, I am happy that we were able to hold the average increase to 5 percent,” Commissioner Causey said. “I’m also glad that the agreement will keep North Carolina’s average automobile premiums among the lowest in the nation.”
The Rate Bureau, which represents insurance companies writing automobile insurance policies in North Carolina, is not a part of the Department of Insurance and filed the requested increase on Feb. 3.
The increase will take effect on new and renewed policies on and after Oct. 1.
The agreement means that a hearing scheduled on the rate request for Sept. 22 has been canceled.
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6 Comments
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Ridiculous! Gop and democrats, grifting to take our money.
How about holding “distracted drivers” personally liable for damages and injury . Insurance companies should deny a claim of someone was texting when driving.
You keep re-electing Causey and he keeps raising rates. This is what happens when the sheep vote for a party instead of a person. #SheepSayBaaa #VoteOutIncumbents
Insurance up, taxes up, inflation up, prices up…the government is clawing back all the money they printed, from the bottom up.
Hmm? Someone’s has to pay for the consequences of uninsured drivers! Guess it the responsible ones who pay for insurance.
I’ve never understood why rates (both auto and medical) increase for the people who have no claims. It shouldn’t be a blanket thing, but should be an individual thing. Make the people who have the claims pay more, but not me, who has no no medical or auto claims. Why should I pay more for mistakes of others!