
The North Carolina Rate Bureau wants a 28% increase in auto insurance
RALEIGH, NC (WTVD) -- Tired of paying soaring prices for groceries and gas? If the North Carolina Rate Bureau gets its way, you can add car insurance to the growing list of skyrocketing expenses.The Rate Bureau filed a request to increase the cost of auto policies by 28.4%, Insurance Commissioner Mike Causey announced Thursday.If the rate hike is approved, it will go into effect Oct. 1.The NC Rate Bureau represents auto insurance companies in the state. By law, the bureau must submit auto rate filings with the NC Department of Insurance every year by Feb. 1.ALSO SEE: 'Want to save on your car and home insurance? How one call could save you hundredsA release from the DOI did not specify why the auto insurance sector requested such a substantial hike.Car…