Report: N.C. auto insurance rates lowest in South

Posted March 19, 2010

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— North Carolina drivers pay an average of $591 each year for auto insurance, the eighth lowest in the country and the lowest in the South, according to a new report from the National Association of Insurance Commissioners.

North Dakota had the lowest auto insurance rates in the nation, followed by Iowa, South Dakota, Nebraska and Idaho. Kansas, Wisconsin, Maine and Indiana joined North Carolina in sixth through 10th place.

The report, which is based on 2007 data, places Tennessee at No. 14, Virginia at No. 17, South Carolina at No. 30 and Georgia at No. 31.

“I’m pleased that North Carolina remains one of the most affordable states in the country for auto insurance and definitely the best value in the Southeast,” North Carolina Insurance Commissioner Wayne Goodwin said in a statement. "This good news for North Carolina families and businesses is especially welcome in these challenging economic times.”

Goodwin recently signed a settlement with insurance companies that rolls back auto insurance rates to 2006 levels and freezes them until at least 2011. Drivers also will receive a total of $50 million in refunds from insurance companies under the settlement.

North Carolina is one of the only states to negotiate standardized, across-the-board rates for all companies, depending on territory, officials said. The rate Goodwin sets is the cap, and companies writing traditional policies can deviate from it only by offering discounts.


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  • Tater Salad Returns Mar 19, 2010

    This story is full of shady stats. There are 3 types of lies - small lies, big lies, and statistical lies.

    NC does not have comparative fault laws in place, that's why insurance interests groups have their hands deep in political pockets to keep it this way. In states with comparative fault, they determine a certain percentage of who is at fault regarding the wreck. Insurance companies do not like this, they cannot make as much $$$$

    If NC ever gets out of the stone age and out from underneath the belly of the insurance companies, rates would go up possibly, but it would actually be coverage if you are at partially at fault.

  • hi_i_am_wade Mar 19, 2010

    Last year, my rates went up despite the fact that my car was a year older and despite the fact that a rate decrease was ordered. I renewed only because I didn't have time to get new coverage. But I was very unhappy, and rightfully so. My last insurance company also kept raising my rates, even though my driving record was solid and my vehicle was older. I had enough when my rates went up when I filed a claim for vandalism. How dare a company raise my rates for something I had no control over!

  • YoucanthandletheTRUTH Mar 19, 2010

    I paid more in Clayton, NC for my insurance than I do now in NYC!!!

  • BuglessDuster Mar 19, 2010

    I'm sure they'll fix that "problem."

  • Weaker Pelosi Mar 19, 2010

    Too bad the same can't be said for taxes.