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Outer Banks homeowners to see insurance increases next two Junes as part of Causey’s 17th statewide settlement

Writer: Corinne SaundersCorinne Saunders
Feb 712 min read

Auto insurers now seek increase

A map shows northeastern North Carolina, divided into several numbered and differently colored insurance territories.

The Outer Banks includes areas labeled 110 and 130 on this map of homeowners and dwelling insurance territories in northeastern North Carolina. The territories will see total homeowners increases of nearly 10% and 6%, respectively, over the next two years. (Map courtesy North Carolina Rate Bureau)


By Corinne Saunders


Outer Banks homeowners will see insurance costs rise this June and again next June following the settlement North Carolina Insurance Commissioner Mike Causey negotiated with the North Carolina Rate Bureau and announced on Friday, Jan. 17.

 

This marked Causey’s 17th settlement with the Rate Bureau—which represents all insurance companies in the state—since he took office in 2017.

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