Base rates for North Carolina homeowners' insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by state Insurance Commissioner Mike Causey contrasts with the January 2024 request by the North

North Carolina homeowners’ insurance base rates will rise by 15% statewide by mid-2026 under a settlement between the state Insurance Department and insurers. The deal, announced by Commissioner Mike Causey, avoids the 42.2% hike initially requested by insurers, which cited inflation, storm costs, and insufficient premium rates as factors.

The beach areas in Brunswick, New Hanover, and Pender Counties will see a 16% increase on June 1, 2025, and a 15.9% increase on June 1, 2026.

The NC Department of Insurance saved or recovered $144 million for residents in 2024, a record amount since 2017.

Homeowner’s insurance is going to rise in North Carolina. A settlement has been reached between the North Carolina Department of Insurance and the North Carolina Rate Bureau, the latter of which had initially requested an average 42.2 percent rate increase last year.

From SamWalkerOBXNews.com A settlement between homeowners insurance companies and state regulators has been reached that will lead to policies costing more across northeastern North Carolina and the Outer Banks over the next two years.