News

H omeowners in Western North Carolina are expected to see a lower-than-expected base homeowners' insurance rate increase of nearly 9% by 2026, North Carolina Insurance Commissioner Mike Causey ...
A North Carolina homeowner was stunned by a 41% increase in his insurance premium, despite no claims or changes to his policy ...
North Carolina Insurance Commissioner Mike Causey, right, speaks to the media before a hearing on homeowners' premium insurance rates in the state Department of Insurance building in Raleigh, N.C ...
As of January 2025, Insurance Commissioner Mike Causey signed an agreement with the rate bureau to increase North Carolina's base rate by 7.5% on June 1, 2025, and 7.5% on June 1, 2026.
North Carolina homeowners soon could see their property insurance rates soar by more than 40 percent on average, and in five coastal counties, those hikes could reach as high as 99 percent.
We consider this settlement a big win for both homeowners and North Carolina." Under the new agreement, statewide homeowner insurance rates will increase by an average of 15% over the next two years.
Homeowners across North Carolina will soon pay more for insurance.The average statewide base rate increased by 7.5% recently, and a second 7.5% increase will follow next year.The rate increases ...
The North Carolina Insurance Commissioner, ... Effective June 1, 2025: Average 7.5% increase in homeowners insurance premiums. Effective June 1, 2026: An Additional 7.5% increase.
Homeowners in Western North Carolina are expected to see a lower-than-expected base homeowners' insurance rate increase of nearly 9% by 2026, North Carolina Insurance Commissioner Mike Causey ...