Minimum Limits
For all new and renewal liability policies effective on and after July 1, 2025, the minimum Bodily Injury limits shall increase from $30,000 per person and $60,000 per accident to $50,000 per person and$100,000 per accident. Property Damage Liability minimum limits shall change from $25,000 per accident to $50,000 per accident.
Uninsured and Underinsured Motorist
For all new and renewal liability policies effective on and after July 1, 2025, every policy shall include both Uninsured Motorists (UM) and Underinsured Motorists (UIM) coverage. Concurrent with this change, statutory language has been changed by the NC General Assembly that broadens UIM coverage. The increased rates for UIM coverage have not yet been determined by the North Carolina Rate Bureau and North Carolina Reinsurance Facility
Inexperienced Drivers
For drivers obtaining their driver’s license for the first time on and after July 1, 2025, the inexperience period will increase from three to eight years. This change does not impact drivers licensed prior to July 1, 2025. Concurrent with this change, there may also be “discounts” prescribed to reduce the inexperience surcharge for drivers that remain free of at-fault accident and conviction free (including PJC’s). The surcharge factors and inexperienced discounts have not yet been determined by the North Carolina Rate Bureau and North Carolina Reinsurance Facility.
Major Convictions For all convictions occurring on and after July 1, 2025, which assign four or more points (other than speeding in excess of posted speed limit), the conviction shall have a chargeability period of not less nor more than five years (previously three years).
Waivable Speeding Convictions of “speeding less than 10 miles per hour over the posted speed limit” occurring on and after July 1, 2025, will still be waived as long as there are no chargeable convictions (other than a PJC) in the previous five-year period (currently three years).