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How much impact does a claim have on my insurance?
Posted on 5/7/23 at 11:21 am
Posted on 5/7/23 at 11:21 am
I have an old truck that was stolen and recovered, paid about $1000 to repair damage to lock and ignition. Didn't have comprehensive insurance on it at the time, picked some up afterward.
Lo and behold someone tried again. They broke in, damaging the lock and looks like they tried to steal it but couldn't get it going. Who knows what they did to it this time.
Going to have insurance get it taken care of this time. Anyone with similar circumstances know what kind of rate jump it could induce?
Lo and behold someone tried again. They broke in, damaging the lock and looks like they tried to steal it but couldn't get it going. Who knows what they did to it this time.
Going to have insurance get it taken care of this time. Anyone with similar circumstances know what kind of rate jump it could induce?
3
Posted on 5/7/23 at 12:58 pm to Thundercles
No one here could can give you an honest definite answer on that question. There are so many variables when it comes to rating drivers (driving history, credit scores, zip code, single/married, how far you drive ti work). On top of that, every insurance carrier will weigh those types of factors differently across states.
With that being said, a comp claim is not an “at fault” accident and has no impact on your driving history. Simply filing claims can negatively impact your premiums but is typically not a “huge” impact unless you do it with regularity.
It likely won’t have much impact on your premiums if any.
With that being said, a comp claim is not an “at fault” accident and has no impact on your driving history. Simply filing claims can negatively impact your premiums but is typically not a “huge” impact unless you do it with regularity.
It likely won’t have much impact on your premiums if any.
Posted on 5/7/23 at 3:21 pm to HarveyBanger
shite I've had my premium raised enough to notice when I wasn't at fault at all.
Still bitter.
Still bitter.
This post was edited on 5/7/23 at 3:36 pm
Posted on 5/7/23 at 4:51 pm to Thundercles
Comp claims are non-chargeable incidents in LA
Posted on 5/7/23 at 5:29 pm to Thundercles
You shouldn’t see any hit for a theft claim.
Posted on 5/8/23 at 4:07 pm to Teddy Ruxpin
quote:
shite I've had my premium raised enough to notice when I wasn't at fault at all.
Still bitter.
Not raising your rate for a comprehensive claim is the same as raising everyone in the state's rate for your comprehensive claim.
You got fair use out of your insurance. I'm not sure why you are bitter.
Posted on 5/8/23 at 4:13 pm to Tiger Prawn
quote:
Comp claims are non-chargeable incidents in LA
yet you can still see increases at renewal from losses of "claims free discounts" and such.
Posted on 5/8/23 at 4:51 pm to meansonny
quote:
You got fair use out of your insurance. I'm not sure why you are bitter.
Let's take the steps.
I paid premiums to cover myself in case of an accident.
I drive and while minding my own business, some woman pulls out of a parking lot and manages to hit my rear quarter panel as I drive by.
My insurance paid for repairs.
She was 100% at fault.
This means my insurance collected all their expenses from her insurance via subrogation.
My rates still go up even though I exhibited no risk behavior that would support doing so.
So ya, still bitter.
This post was edited on 5/8/23 at 5:00 pm
Posted on 5/8/23 at 5:02 pm to Teddy Ruxpin
My bad.
It sounded like a comprehensive claim. I was wrong in that regard.
Georgia is like Louisiana.
Not one policy gets surcharged for a roof wind claim.
But essentially every home policy in the state is effected by roof wind claims in the state.
In a similar sense, a lady hits you and her insurance fixes your vehicle.
Enough of those in your zip code and your insurance goes up because of it.
That is the literal definition of pooled risk.
It sounded like a comprehensive claim. I was wrong in that regard.
Georgia is like Louisiana.
Not one policy gets surcharged for a roof wind claim.
But essentially every home policy in the state is effected by roof wind claims in the state.
In a similar sense, a lady hits you and her insurance fixes your vehicle.
Enough of those in your zip code and your insurance goes up because of it.
That is the literal definition of pooled risk.
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