Living near the coast in North Carolina used to be the ultimate dream, but lately, it feels more like a financial burden. State regulators recently approved a multi-year settlement that is sending homeowners insurance rates to staggering new heights. On June 1, 2026, base rates will increase by an average of 7.5% across the state. This follows a previous 7.5% hike from 2025, bringing the total average increase to 15% over two years. If you own property in the eastern part of the state, you likely bear the brunt of these adjustments. Insurance companies point to the increasing frequency of severe storms as the primary culprit for these soaring costs.
