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North Carolina car insurance rates are going up

  • March 3, 2023

North Carolina Rate Bureau submitted a rate filing with the N.C. Department of Insurance, requesting an increase in everyone’s car insurance.

GREENSBORO, N.C. — The North Carolina Rate Bureau has requested to increase auto insurance rates by 28.4%.

The rate filing was submitted yesterday to insurance commissioner mike causey.

The increase would impact private passenger car insurance rates across the state and would go into effect around October 1st of this year.

It’s no secret that prices are on the rise.. eggs.. gas… well now there’s a request to raise car insurance by 28.4%.

I know, I know.. that can seem like a shocking number.

Just because it was requested, doesn’t mean it’ll happen.

“It’s just crazy and the price just keeps going up. People just can’t afford that,” Jack Farrar, a driver in Greensboro said.

Drivers clearly aren’t happy. Would you be?

“That is a very high price to put on people right now when money is scarce,” Oman said as he was filling up his gas tank.

After the NC rate bureau requested a 28.4% car insurance increase.

“Things are getting crazy all over the world food gas insurance everything closes everything is getting really crazy so trying to reduce not raise it,” driver, Eiman Maki said. 

Don’t panic just yet.. this isn’t set in stone.

“It’s just a request that that is all that is it’s just a number that they believe is what they see is justified based on their experience,” Insurance Commissioner, Mike Causey said. 

The North Carolina Rate Bureau represents the auto insurance companies in our state. According to the law, rate fillings have to be submitted no later than February 1st every year.

Causey said this was a legislature set up decades ago that requires a rate set by the bureau system.

“The

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