Auto · Settled

Auto requested 28.4%; settled at 4.5% effective December 1, 2024

Filed
February 1, 2023
Requested
+28.4%
Approved
+4.5%
Effective
December 1, 2024

Requested: Statewide average requested across liability and physical damage. First-pass entry — verify.

Outcome: Settlement with the Department of Insurance. First-pass entry — verify.

What this filing means

The Rate Bureau requested a 28.4% statewide average increase for private passenger auto. The settled statewide average was 4.5%, effective December 1, 2024.

Timeline

  1. December 1, 2024 · Took effect

    4.5% took effect

    The settled auto rates applied to policies written on or after this date.

    NCRBDec 1, 2024

  2. October 17, 2023 · Settled

    Settled at 4.5%

    The settlement set a 4.5% statewide average for private passenger auto.

    NCDOIAUTO-2023-SETTLEMENTOct 17, 2023

  3. February 1, 2023 · Filed

    Rate Bureau filed a 28.4% auto request

    The Rate Bureau filed for a 28.4% statewide average increase for private passenger auto.

    NCRBA-23-2Feb 1, 2023

Documents