The North Carolina Department of Insurance is turning down a requested 13-point-eight-percent rate hike on auto insurance.
The department called the increase unwarranted. It was submitted last month by the North Carolina Rate Bureau -- an independent organization that represents all auto insurance companies in the state. The Department of Insurance announced Friday that it's "reviewed the filing thoroughly and determined a rate hike is not justified."
A hearing on the issue is planned for mid-September.