N.C. Auto Insurers Seek 13% Hike In Premium

by mega » Sat Feb 02, 2008 05:30 pm
Posts: 118
Joined: 23 Jan 2008

The state''s auto insurers are seeking to raise their rates by an average of 13 percent, the industry''s largest proposed increase in more than a decade.

The requested rate increase amounts to an average of about $83 per vehicle, Pearson said. The Insurance Department estimates it would boost insurers'' annual revenue by $510 million.

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