The Insurance Commissioner in North Carolina has signed a settlement to not only decrease auto insurance rates but to give refunds to the insured. This is quite unusual in the insurance industry but nonetheless a positive effort to curb higher rates and help the consumer. It couldn’t come at a better time as auto sales are down by a large percentage and many people are choosing to go uninsured rather than pay their monthly premiums. Of course this has its own negative effect as it only drives rates higher with more uninsured motorists on the road.
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