North Carolina Dwelling Insurance Rates May Avoid a 68.3% Spike

Rental and investment property owners in North Carolina will not see an immediate 28.5% average increase in dwelling insurance rates. North Carolina Insurance Commissioner Mike Causey has postponed the hearing on the insurance industry's proposed statewide average 68.3% increase in dwelling insurance rates to July 6. The N.C. Rate Bureau filed the proposal on October 30, 2025, calling for a phased increase over two years. The first year's average increase of 28.5% was set to be effective July 1. The second year's average increase of 30.9% was increase set to be effective July 1, 2027. The Department of Insurance and the Department of Insurance and the N.C. Rate owners are negotiating a itu a settlement. A hearing will be held only if the department and the Rate Bureau are unable to reach a reach a settlement before July 6.