Canal Insurance Company has filed for a 19.5% overall commercial auto rate increase in North Carolina.

The increase would affect 624 policyholders and generate approximately $3.6 million in additional written premium on a current premium base of $18.4 million. Individual policy increases would range from 0% to 62.7%.

The proposed increase is below the company’s indicated rate need of 42.2%. Canal is revising liability and physical damage base rates, along with liability class, territory and fleet factors. The filing also updates its liability and physical damage experience-rating plans.

Canal last revised the program in March 2026, implementing an 18.8% increase. The latest changes would take effect September 1, 2026, for new business and October 1, 2026, for renewals.