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N.C. Motorists To See Reduction In Auto Insurance Rates

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RALEIGH, N.C. — North Carolina's insurance commissioner Wednesday signed an order that will save motorists on their car insurance.

Jim Long signed an order requiring a 2.5 percent reduction in private passenger auto rates, effective May 15.

The auto rate will save North Carolina motorists nearly $404 million in potential premiums, Long said.

The order comes after a hearing that began last September after the North Carolina Rate Bureau filed for a proposed 9.4 rate increase.

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