North Carolina Auto Insurance Rates Likely to Increase
Tuesday, December 30th, 2008Beginning January 1, 2009, auto insurance companies will be permitted to raise the North Carolina auto insurance rates by 9.4%.
North Carolina Insurance Commissioner Jim Long, initally requested that auto insurance companies reduce their rates by 16% but the N.C. rate bureau who represents the states auto insurers had previously requested a 12.9% increase. A subsequent appeal to The North Carolina court of appeals trimmed the increase to 9.4% but that might be temporary until the court rules on the appeal.
