North Carolina Auto Insurance Rates Likely to Increase
Beginning 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.
Tags: north carolina auto insurance, north carolina car insurance
