•  North Carolina’s automobile insurance system guarantees profits to insurers.
•  North Carolina’s current system makes it difficult—and undesirable—for insurers to offer innovative new products in the state.
•  Residents across the Southeast states pay relatively low rates for automobile insurance.
•  North Carolina’s automobile insurance system imposes a special tax on all drivers in order to subsidize coverage for risky drivers.
•  More than a fifth of North Carolina drivers cannot find a private insurer willing to write them liability coverage.
•  State regulation does not keep auto insurance rates in North Carolina lower than those in other states.
•  Currently pending legislation still gives the insurance commissioner authority over most rate requests and would not result in significant short-term rate increases for anybody.

Spotlight 432 N.C.’s Auto I… by John Locke Foundation on Scribd