North Carolina Home Insurance Premiums Rise 7.5% as Climate Risk Drives Affordability Crisis

3 articles · Updated · The Washington Post · Jun 4

A 7.5% increase in North Carolina homeowners' insurance premiums takes effect this month, adding to pressure on household budgets across the state.
Climate-related risk is now the main driver of those higher rates, according to the report, making insurance costs a front-of-mind issue even before disasters hit.
The latest increase is the second leg of a two-year rate rise negotiated in 2024, extending a run of higher costs rather than marking a one-off jump.
A 7.9% increase in 2022 had already pushed premiums higher, underscoring how climate exposure is feeding a broader home-insurance affordability crisis in North Carolina.

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