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Coastal homeowners' insurance rates to go up 20 percent

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Inland homeowners to pay 9 percent more

By Laura Lewis, Reporter

North Carolina residents are going to pay more for homeowners insurance—again.

North Carolina Insurance Commissioner Wayne Goodwin has signed a settlement agreement with homeowners insurance companies that will impact coastal counties with the highest rate hikes.

The agreement represents an overall average statewide increase of 7 percent. The highest hikes are nearly 20 percent for beach coastal areas of Brunswick County, with lower increases for inland coastal areas.

The increases take effect July 1.


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The Brunswick Beacon | circulation@brunswickbeacon.com | 910-754-6890
P.O. Box 2558, Shallotte, NC 28459
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