North Carolina Auto Insurance Rates Remain Stable

Residents can take advantage of the stability in the market by comparing coverage providers at OnlineAutoInsurance.com

Online PR News – 03-February-2011 – – Insurers in North Carolina have requested no change in rates from state regulators, according to an announcement from the commissioner.

The state’s insurers are collectively represented by the North Carolina Rate Bureau, which submitted at the beginning of the week its latest review of private passenger automobile coverage rates.

By the looks of the report, cheap auto insurance in NC appears to still be widely available. According to an analysis by Online Auto Insurance News, at present rates the average cost of coverage for 2009—the most recent year for which data was included—was approximately $309 for liability, $31 for medical payments coverage, $100 for comprehensive and $245 for collision.

In 2009, there were more than 6.87 million insured auto exposures in the state. Of those, about 70 percent went beyond the state’s legally required minimums to add medical payments, collision and comprehensive coverage to their policies.

Source: http://www.ncrb.org/ncorg/

“This represents another victory for North Carolina drivers,” said commissioner Wayne Goodwin in a prepared statement. “We already pay the eighth lowest auto insurance rates in the country—and we have a higher population than any other state in the top ten for lowest rates. I remain committed to making sure that people aren’t overcharged for their auto insurance needs.”

Commissioner Goodwin’s office also recently released statistics indicating that his department helped policyholders recover more than $10 million in 2010 through the mediation of disputes between consumers and their policy providers.

To learn more about this and other car coverage issues, readers can go to http://www.onlineautoinsurance.com/north-carolina/ where they will find informative resource pages and a free-to-use quote-comparison generator that can help shoppers find the best deals on a policy.

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