CHARLOTTE — Homeowners’ insurance is going to rise in North Carolina.
A settlement has been reached between the North Carolina Department of Insurance and the North Carolina Rate Bureau, the latter of which had initially requested an average 42.2% rate increase last year.
With the settlement, the average statewide base rate will increase by 7.5% on June 1 and another 7.5% on June 1, 2026. Under the agreement, the Rate Bureau, which represents homeowner’s insurance companies in the state, agrees not to try to increase rates again before June 1, 2027.
Read the rest of the story on CBJ’s website here.
VIDEO: NC launches energy-saving rebates for homeowners, SC still waiting
©2025 Cox Media Group
/cloudfront-us-east-1.images.arcpublishing.com/cmg/LH3JSJEF3VBLRJLJQESEAG34AM.png)
