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Possible break in auto insurance rates

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We could be getting a break on our auto insurance rates. Under an agreement between the State Insurance Commissioner and the insurance industry, North Carolina auto insurance rates will be rolled back to levels of about three years ago and frozen until 2011. State Insurance Commissioner Wayne Goodwin announced the rollback Wednesday and said the agreement includes $50 million in refunds for private passenger policies. The settlement with the North Carolina Rate Bureau eliminates the insurance industry's 2008 rate increase of 9.4 percent and denies a request for a 1.4 percent increase this year.

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Don't

spend the money yet. Give Raleigh enough time and the Governor may come up with a new tax in her visionless quest to balance the budget. That may well drive her approval rating below 20%

"DITTO!!!" Come to think of

"DITTO!!!" Come to think of it...how can car insurance rates drop here in Wilmington when we are having car wrecks making the news every day it seems...and bad ones too :-( You are right SCT...the Gov will swallow it up and you'll never know you had it!