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Insurance, Don't leave home without it!

Most states require that you have auto insurance on your car, truck, or van.   Most banks require auto insurance before you receive an auto loan.  Depending on the price paid for a used car, you should ask about full coverage insurance prices.  Laws differ from state to state. The sites listed below will help you with the laws in your state and give you free quotes.

Auto Insurance Rate Increases for NC

North Carolina is all torn up inside about whether or not there should be changes made to the auto insurance premiums in the state. The state’s regulators and the state’s auto insurance companies are going head to head over a rate increase for the state’s auto insurance policies.

The North Carolina Rate Bureau wants to increase the amount that policy holders pay by 13% and the Department of Insurance will be starting hearings regarding the increase starting June 30th. They say that the filing does not give a good reason for the increase and that the way that it was determined was flawed.

The increase that is being proposed is the max allowed for the state, and the department has a problem with that. They say that it is the largest increase since 1994 and they think that the way it was determined was faulty.

For their part, the bureau says that they have lost money from high risk drivers. However, as those rates are set separately the increase is looking to penalize those that are not in the high risk category. The hearings will determine if they will get their requested increase, or if they will even get an increase at all. Some say they may decide to decrease the amount instead.




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