After rejecting a request from insurance companies for statewide average homeowners insurance rate increase of 26 percent, North Carolina Insurance Commissioner Wayne Goodwin approved increases in specific areas of the state in late December.
Although Goodwin called for a zero-percent statewide overall average change in homeowners insurance rates, effective June 1, 2015, the Department of Insurance reports that a 14.2 percent increase was approved for Macon, Jackson, Graham, Clay, and Cherokee counties. According to the Department of Insurance, insurance companies originally sought a 25.9 percent increase in those counties.
Haywood, Madison, Swain and Transylvania counties will see an even larger increase. While insurance companies requested a 28.3 percent increase, Goodwin granted the territory a 16.7 percent increase.