Possible Car Insurance Increase In North Carolina

In North Carolina, a proposal has been presented by the legislative committee that says some critics want to increase auto insurance rates for as much as 20% per year. This means that the proposal will allow insurers to dictate their own price instead of relying on the commissioner. Currently, North Carolina ranks 6th place for having the lowest rates for auto insurance, where drivers pay around $602 per annum. That is why insurers want the increase: they may be on the losing end and they need the extra payments to provide quality insurance.