How soon after auto insurance claim do premiums go up?
Posted on November 30th, 2008 in Auto Insurance
Girly Girl asked:
I am in the process of filing an auto insurance claim (it wasn’t an accident, but I did cause some damage to my car due to icy road conditions; I hit a curb).
Now, when do premiums usually go up? At next renewal, or immediately?
I am in the process of filing an auto insurance claim (it wasn’t an accident, but I did cause some damage to my car due to icy road conditions; I hit a curb).
Now, when do premiums usually go up? At next renewal, or immediately?
This post has 9 comments
December 1st, 2008
It would not be until your next renewal. It’s not immediate. The same is true when people think they will go down. A person will call the insurance company and say “I got in an accident three years ago yesterday, and you told me it would fall off in three years”. It will, UPON YOUR RENEWAL. Cheers.
December 2nd, 2008
Next renewal period. Be careful though, look at car insurance like your credit. The more mess ups the more stress you will be in with your financials.
December 3rd, 2008
next renewal with my liberty mutual insuarance it’s every 11 months if you pay every month but every 12 months if you pay out of your checking acct…it all depends on what you signed up for some are eery 6 months some are every 12
December 4th, 2008
Everyone wants the cheapest auto insurance. Everyone is constantly looking comparing this auto insurance provider with this one. It’s almost like a parlor game, isn’t it. I’ve done it too. If you’ve ever gotten a speeding ticket or have a young teenager itching to drive that you’ve just added to your policy or if you’ve been involved in an accident, it can get more and more expensive, can’t it? Auto insurance is too expensive. You’re not alone. it’s true for almost every American family.You may get your queires answered here,
The problem for discounts, however, is quality. Many ask is, “Is this cheap auto insurance worth buying? What kind of coverage do I have to sacrifice for a cheaper premium?” What is a small bi-yearly or yearly or monthly bill can become astonishingly high if you cheat on your deductible coverage or coverage amount. You need to therefore really search the different companies for the best, most comprehensive policy. Hope is here. There are good companies out there.
December 4th, 2008
Girly Girl, There are lots of websites where you can get a free insurance quote. It only takes 5 minutes to do.
December 6th, 2008
The others have covered it correctly. No increase until renewal but the increase isn’t automatic. They may forgive it this time, particularly a minor accident where ice was involved. You may not have hit another car but you had an accident. A curb, another car, a wall, a pole, a pedestrian; they’re all accidents unless you did it intentionally.
December 8th, 2008
A collision payout due to a single car accident will count as an at fault accident for that driver even if it was form icy road conditions. Your company may have an accident forgiveness program which might allow one accident over a certain period of time to be “forgiven”. As far as any rate increase goes this will occur at renewal. If the rate increase is dramatic shop around. Good Luck.
December 9th, 2008
Get as much resource as you can maybe is one option,however it could be quite time consuming,here is one resource i have had good experience.
December 9th, 2008
With next renewal…and you can easily compare how much your quotes will change in internet, for example here - car-insurance.22web.net
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