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Residents Fear Home Insurance Premium Rate Increases


Home insurance premiums could go up this Fall, if the North Carolina Rate Bureau gets its way.

The Bureau filed a rate hike on Friday, requesting a statewide average increase of about 25% on all home insurance plans in North Carolina.

In the east, homeowners living in Lenoir, Greene, Duplin, coastal Onslow, and Carteret counties would see their premiums jump by 35%.

Martin and Pitt counties are looking at a 22% hike, while Bertie county home insurance would increase by nearly 17%.

Homeowners say this proposal hits the middle class the hardest.

Teresa Jones of Kinston said, "They're trying to suck the life out of everybody. It's the middle class that's getting killed with everything going on. Taxes and insurance. The richer are richer and the poor are getting poorer. That's the bottom line."

If the increase is approved, the change could take effect as soon as August 1st.


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