Raleigh, NC (WiredPRNews.com) The North Carolina Insurance Commissioner Wayne Goodwin announced today that residents pay some of the lowest premiums for automobile coverage in the nation and the least amount for policies in the South. According to data provided by the National Association of Insurance Commissioners (NAIC), the average NC driver pays $591.11 annually and is the 8th lowest average in the nation.
A few months earlier Commissioner Goodwin signed a settlement rolling auto insurance rates back to the levels of 2006 and freezing them at that level until 2011. It is believed that North Carolina drivers will receive approximately $50 million in refund checks.
This is great news for residents and Commissioner Goodwin also stated, “this good news for North Carolina families and businesses is especially welcome in these challenging economic times.” With such low rates now available in the state it may be a good idea for motorists to start shopping around for North Carolina auto insurance policies to ensure they are taking advantage of these lower premiums.
The NAIC also provided the rankings of the neighboring southern states for the average premiums paid such as Tennessee which ranked 14th, Virginia 17th, South Carolina 30th and Georgia 31st. Residents of NC can consider themselves quite lucky.