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The cost of insurance for North Carolina homeowners could be going up. Insurance companies are asking the state to let them raise rates by an average of 42% across the state. According to a new Nerd Wallet analysis, homeowners' insurance in North Carolina is $500 higher than the national average. A requested rate hike could make prices even steeper. The request is concerning for homeowners and renters who are already grappling with the rising cost of living. "Groceries, and power bill, and most of the other things have certainly increased," renter Jared Hayslette shared. If the requested rate hike is approved, homeowner David Sabine said his annual bill could go up $600, costing him nearly $2,000 a year. READ MORE: https://www.wcnc.com/article/news/loc...