The North Carolina Rate Bureau, representing home insurers, settled for two 7.5% increases this year and next, after originally seeking a 42% rate increase.

Under the rates negotiated by Insurance Commissioner Mike Causey, the highest increases will come on the coast and in the Coastal Plain.

The North Carolina Department of Insurance has announced that Buncombe and Henderson counties will see substantially lower increases than originally predicted in 2025 and 2026.

North Carolina's Insurance Commissioner Mike Causey has negotiated a settlement reducing a proposed homeowners' insurance rate hike from 42.2% to a series of 7.5% increases over two years.

A settlement has been reached by North Carolina's Insurance Department and the industry that sells homeowner policies.

The deal between NC and the insurance industry calls for an average 15% increase by mid-2026. But many coastal areas will see much steeper increases.

GREENSBORO, N.C. — In North Carolina homeowners insurance rates are going up in June of 2025 and then again in June 2026. How much? The percentage increase each year can be almost nothing to 16% depending on where you live.

The North Carolina Department of Insurance has ended its legal dispute with insurance companies regarding proposed homeowners' insurance rate increases, accordi

Homeowners in North Carolina will see their base insurance premiums increase by an average of 15 percent by mid-2026

Homeowners’ insurance rates in North Carolina will increase by an average of about 15% over the next two years under a settlement Insurance Commissioner Mike Causey and the N.C. Rate Bureau ...

FILE - North Carolina Insurance Commissioner Mike Causey talks to reporters at the Albemarle Building in Raleigh, N.C., April 24, 2023. (AP Photo/Hannah Schoenbaum, file) (Hannah Schoenbaum ...

The agreement announced Friday by state Insurance Commissioner Mike Causey contrasts with the January 2024 request by the North Carolina Rate Bureau, which represents insurance companies ...