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February 5, 2014

NC auto insurance rates won’t rise this year

The state’s auto insurers aren’t seeking a rate increase this year.

The state’s auto insurers aren’t seeking a rate increase this year.

The N.C. Rate Bureau, which represents the industry, submitted a filing Jan. 31 that requests no change in rates, the state Insurance Department announced Wednesday.

Auto insurance rates haven’t changed in North Carolina since 2009, when the industry cut a deal with Insurance Commissioner Wayne Goodwin that rolled back rates by an average of 0.5 percent.

The Insurance Department must review the filing.

Staff writer David Ranii

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