Local News

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

Posted February 1, 2006 12:41 p.m. EST

— 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.