Many Enraged About Homeowners Insurance Rates Going Up

By: Christine Kennedy
By: Christine Kennedy

Eastern Carolina residents get ready. Your homeowners insurance rate is about to hit the roof. Everyone statewide will pay four percent more, unless you live in the coastal areas.

The cost there? A 30 percent increase in homeowner premiums. If you live in a 150 thousand dollar home in New Hanover, Brunswick, Pender and Onslow Counties you would pay more than 16 hundred dollars. Those on the coast would pay more than 23 hundred dollars.

Rates are not the only thing on the rise, so is the deductible. A typical homeowner in Eastern Carolina could wind up paying 3, 6, 9 thousand dollars just for deductibles before the insurance companies ever pays a penny.

Insurers claim if a storm hits the coastal areas of Eastern Carolina they would not be able to pay for the damages, meaning small insurers will go out of business affecting the entire state.

The organization says it plans to contact the Governor about this issue. It's also filed a lawsuit to have the rate increases changed before May first, when the increases take effect.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by jorge Location: miami, florida on Nov 14, 2010 at 07:08 AM
    I just got the renewal for 2011, My insurance with Liberty Mutual went up more than 30%. NICE! God help us
  • by PaulG Location: Alabama on Jun 11, 2010 at 09:48 AM
    It is not fair to act like that at all. I haven't actually noticed that in 2009 such things were happening. Homeowners Insurance Rates must be the same for all the states. We are living in the one country I guess so why everybody must pay different taxes? It shouldn't have to be like that. However I perfectly remember such scenarios few years ago. I was trying to get cash payday advance but the guy from the other state who was standing just behind me have got it and I was actually rejected. I remember how mad I was at that moment but I wasn't able to do something about it for sure. Let's just hope that we won't have to face such misunderstandings in the future. Insurance rates are going up at the moment again, however they must go up for every states equally. Thanks for the article by the way.
  • by Albert33 Location: Nebraska on May 6, 2010 at 02:08 PM
    This article was written over a year ago but it is said to realize that nothing have actually changed. Our government states that the crisis is almost over and everything will be all right now. However it doesn't happen like that. My Home owners insurance rates are going up steadily as they were going last year. Comparing with the last year my rates went up about 70% and it doesn't look like they will stop. Obama had done some reform with health insurance, maybe he will look at other types of insurance too? Because hard working people don't deserve such shocking bills. 30-40% is a normal increase (of course 0% increase is better but...), but 70-90% is something from fantastic movies. But what can we do about it? Only sit, wait and hope that everything will change in the nearest future. But Americans were always strong nation and we will live through that for sure.
  • by Robert Location: Jones County on Feb 13, 2010 at 06:13 AM
    That's a small increase. Mine insurance went up about 85% with a $7500 deductible on wind and hail. I priced other companies but they were no better. Live 60 miles from coast.
  • by Aton on Dec 17, 2009 at 12:15 PM
    More money to lobbist they get what they want. Do away with lobbying.Vote a change
  • by Kevin Location: Kinston on Jul 26, 2009 at 07:20 AM
    More money taken away from us hardworkers.
  • by Stan Location: Plymouth on May 8, 2009 at 07:22 AM
    This is CRAZY! Our rates already went up within the past two years because they said we are higher risk because we are "coastal". We live in the western most part of Washington County near the Bertie line. How is this area "coastal"? It is not fair to raise our premiums so high. If there is going to be a rate increase, it should be a lower, state wide increase. Don't expect the east to take up the slack for the rest of the state!
  • by Eric Location: Pender County on Apr 12, 2009 at 05:39 PM
    We (the people footing the bill for this nonsense) are not powerless. We have 2 votes - our political vote & how we spend our money. These are "votes" we spend every day. The ridiculous increases in premiums and deductibles are due to FLOOD damages in New Orleans... not WIND damages which are more the NC concern. We need our state courts to differentiate the two, so that NC coastal county residents can insure for WIND... NOT FLOOD. This is dumb. This is the insurance companies trying to recoup Katrina losses at the expense of the rest of us and not doing their homework... and it is us not being smart enough to push back in an organized fashion. Call your congressman - ask for them to differentiate between FLOOD and WIND in NC and ban insurance companies from wrapping FLOOD risks into WIND premiums and deductibles. Don't just think about it... do it... or go get that 3rd job.
  • by senior citizen Location: wilmington nc on Mar 28, 2009 at 01:15 PM
    i just received half(wind & hail) of my home owners policy bill for almost $1300 and will get my other half of homeowner policy bill this coming week and it will be nearly $ the city wants to annex us in with them so we will pay city tax(about $800) along with our county tax.i voted republican.i wish more of you had done where for us seniors to go.i got my tea bags ready to toss in cape fear river on the 15th.hope you do too.i might just jump in river with mine.(kidding)i would move to mountains but not able.i guess i will get that measly $250.00 stimulus that Obama promised but i have that spent on my auto already.sounds like a good country song don't it? where is charlie daniels when we need him
  • by anonymous Location: jacksonville on Feb 12, 2009 at 11:13 AM
    If America thinks that foreclosures are bad now. Just wait, NC will be the next leading state in America if the premiums goes up. Katrina is not an excuse to hike prices up. Insurance companies will be sitting well. I guess my next employer could be an insurance company. Start buying stock!
  • Page:

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 39402562 -
Gray Television, Inc.