Bill threatens N.C.'s low automobile insurance rates

At Nationwide, our members come first. That's why we want you to know about legislation in the North Carolina General Assembly that could raise auto insurance rates and strip away consumer protections. Bill threatens N.C.'s low automobile insurance rates Currently, North Carolina drivers enjoy the lowest car insurance rates in the Southeast and the 7th lowest in the nation. Senate Bill 154 and House Bill 265 could change these favorable statistics by allowing insurance companies to hike their rates by as much as 12% a year. The bills also gut the authority of your elected Commissioner of Insurance by eliminating the requirement that companies receive approval from the Commissioner before raising their rates.

Take Action Now! Click here to email your state legislators.   Fight to keep rates in check   We don't believe North Carolinians want higher auto insurance rates, less independent oversight, more uninsured drivers on the road, or a more volatile insurance market. But that's what would almost certainly happen if these bills become law. We want to let you know that Nationwide is working on behalf of our members to encourage your legislators not to dismantle North Carolina's auto insurance system that results in low rates. You can make a difference by encouraging your legislators to VOTE NO and reject SB 154 / HB 265. Visit www.lowratesnc.com to learn more about SB 154 / HB 265 and find out how to contact your legislators. If you have any questions or comments, simply reply to this email. Sincerely, Lee Morton Vice President North Carolina Nationwide Insurance