Local News

Fewer Wrecks Means Insurance Rebates for N.C. Drivers

Posted July 20, 2007

— There have been fewer car wrecks across North Carolina in recent months, prompting insurance companies to decide on rebates for thousands of drivers.

Insurance companies base their rates on projected crash statistics. Although more drivers are traveling farther statewide, the number of wrecks has fallen below projections, said Ray Evans, general manager of the North Carolina Rate Bureau, which regulates what drivers pay for car insurance.

"This is good news and pretty unusual," Evans said. "These companies have made a profit, and their corporate decision is to give some of it back to the policyholders."

Many factors have combined to account for the decline in wrecks, he said, including more law enforcement, good roads, safer cars and the state's graduated license requirements for teen drivers.

North Carolina's auto insurance rates rank 47th nationally, and Raleigh is No. 5 on the list of cities with the least-expensive insurance rates, according to the Insurance Information Institute.

"We would encourage everyone to continue to be safe drivers so that this can continue," Evans said.

North Carolina drivers are also about to receive a cut in an auto liability surcharge.

Still, Evans said people shouldn't wait by the mailbox for a rebate check, noting that some insurance companies might just reduce rates.

Some drivers said they deserve a payback.

"A lot of people pay very high premiums and never have an accident. I'm fortunate. I've never had one, and I'll be 50 years old next month," driver Christine Watkins said.


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  • DontLikeTheSocialistObama Jul 22, 2007

    I got my check just in time for my premimum renewal with State Farm. Geico and Progressive were a lower price until the rebate check came. Don't let State Farm tell you they did you a favor. They did it to be competitive with Geico and Progressive.

  • Professor Studley Jul 22, 2007

    "state farm has robbed enough policyholders and victims!" --ko4tv

    Like a good neighbor... HAH!... what a crock. Overall, good deal... On the note of excessive premiums... I was with Nationwide aad had an accident (all the good roads being constructed and honding water... real safe eh?) in the past year, yet still recieved a lower rate when moving to a new insurance company, even after discolsing the recent event... even still classified statistically as a "safe driver"; intresting. Personally, I am glad to know there are fewer accidents on the road, and I hope the trend continues, anyone who has had to deal with an auto accident knows it is absolutely no fun and often years of headache.

  • I_love_ the_ News Jul 21, 2007

    Where is my rebate?

  • spazman Jul 21, 2007

    yeah right BS

  • Voice_0f_reason Jul 21, 2007

    I got my check from State Farm a few weeks ago.

  • ranquick Jul 21, 2007

    There is always a catch, I really don't expect to see any return.

  • ko4tv Jul 21, 2007

    state farm has robbed enough policyholders and victims! it's past time for them to be required to re-pay some of their ill-gotten gains.....ko4tv

  • enoughsaid Jul 20, 2007


  • Nancy Jul 20, 2007

    Well, a bit of good news for a change, of course it won't amount to much, but it's better than rates going up!

  • Right_N_Exact Jul 20, 2007

    If you go accident free for six months (on a six month policy) that money should roll over or you should get a portion back IMO.