I should read the Emacs manual sometime, especially since I have it in dead-tree form. Check out skeleton pairs in the Emacs manual, or better yet
C-h f skeleton-pair-insert-maybe. skeleton-pair has already been massaged to do what you most likely want if you set the correct options. Cool. I like Emacs more every day.
This renders wrap-region useless, which is great! I like a trim .emacs and .emacs.d.