NC Rate Bureau Wants 83% Elevation in Mobile Home Fire Rates

April 17, 2024

The North Carolina Rate Bureau has requested an 83% average rate increase for mobile home fire policies and a 50% jump for mobile home casualty policies over the next three years.

The MH-F increase request is 24.9% for 2024, 21.2% for 2025 and 20.9% for 2026. The MH-C increase request is 15.9% for 2024, 13.9% for 2025 and 13.5% for 2026, the state Department of Insurance said in a bulletin.

The proposed increases would affect approximately 148,000 policyholders and would take effect on Nov. 1 of each year.

Insurance Commissioner Mike Causey said he is reviewing the filing. Public comments will be accepted through April 30 and can be emailed to

In most cases, the commissioner negotiates with the Rate Bureau and lands on a much lower final increase in rates.

In 2022, the bureau, basing its filing on data from most insurers in the state, requested an 88% increase for mobile home fire policy rates and a 53.4% increase in casualty policy rates over two years. Those were eventually negotiated and reduced to 15% increases.

Topics North Carolina

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