Valencia Insurance Group
Contact Us:  (772) 344-8899
  • Home
  • Quotes
    • Auto Quote
    • Homeowner Quote
    • Condo Quote
    • Renters Quote
    • Boatowner Quote
    • Motorcycle Quote
    • RV Insurance Quote
    • Flood Quote
    • Umbrella Quote
    • Business Quote
    • Workers Compensation Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Proof of Insurance
    • Online Documents
    • Free Consultation
  • Products
    • Auto Insurance
    • Home Insurance
    • Condo Insurance
    • Renters Insurance
    • Boat Insurance
    • Motorcycle Insurance
    • RV Insurance
    • Flood Insurance
    • Umbrella Insurance
    • Business Insurance
    • Workers Compensation
  • Blog
  • About
    • Staff Directory
    • Agency Photo Gallery
    • Insurance Carriers
    • Client Testimonials
    • Accessibility Agreement
    • Local Links
    • Refer a Friend
    • News
    • Reviews
    • Videos
  • Contact

Does My Premium Increase After a Car Insurance Claim? That’s a myth!

3/29/2017

1 Comment

 
Picture
Accidents on the road happen every day and you never know when you’ll be involved. When something happens to your car which demands repairing or replacing, you tend to worry about making a claim as it can affect your policy and insurance rates.

You have to understand that different situations affect your premiums in different ways. There are several factors that your insurance company takes into account when evaluating your claim. Here are five things your insurers carefully review when car accidents happen which can have a result on your premium.
1)     Severity of the incidentDifferent accidents present various situations. And because no two claims are the same, the severity and cost of your car insurance claim are the major influences on whether the insurer will increase your rate or not.
2)     Your policy’s detailsBecause of the competition in the insurance industry, some insurers will now give you a freebie called "accident forgiveness” before rates begins to increase. It is significant to note that accident forgiveness may differ among the policies of different insurance companies. Make sure you check with your agent so you know the specifics.    

3)      Your driving record
For most insurance companies, you are considered low-risk if you don’t have any tickets or accidents on your driving record. Having a driving record full of tickets or accidents can increase your premium or make you ineligible altogether.

Furthermore, car insurance companies typically reward you for being a loyal customer. If you have a safe driving record and you have been with them for quite some time, your insurance company may reward you with accident forgiveness or loyalty discounts.

4)     Depending on who’s to blameWhen the other party is obviously the one to blame in the car accident, they’ll probably be the one stuck with the bill and the raising premiums. Car insurance companies will evaluate that to determine who’s at fault and if it really isn’t your fault, you probably won’t see an increase in your rate. However, if you were driving recklessly, they can raise your rate or even cancel your policy.

5)     No-fault StatesIn “no-fault” states, there are laws in place that say if you are injured, the health care provider has to accept your insurance regardless of who is at fault. The insurance companies will still determine who was at fault in the accident and that person’s rates may climb due to the accident. If your insurance company paid for your medical bills but you weren’t at fault, your company will get the money back from the at-fault party’s insurance company in a process known as subrogation.

When you get into an accident, big or small, it is best to inform your insurer about the incident.  They will need details to help them decide whether they should bump up your rates or not. Since driving experience is one factor that can influence this decision, always make it a point to drive safely. It can save your life and some expenses.

Valencia Insurance Group provides high quality insurance service to our valued clients. To help you protect your car, talk to us today by calling (772) 344-8899 or visit our office today. Get a free quote from us by clicking here.

​
1 Comment
find Chevy Trax for sale in Queens link
1/14/2025 10:37:08 pm

Experience a vast selection of high-quality pre-owned vehicles at Major World in Long Island City. Find the perfect car, truck, or SUV to fit your needs and budget.

Reply



Leave a Reply.

    Contact Us

    (772) 344-8899
    3412 NE Sugarhill Ave

    Jensen Beach, FL 34957
    Click Here to Email Us

    Archives

    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    May 2016

    Categories

    All
    Auto Insurance
    BOP Insurance
    Business Insurance
    Commercial
    Commercial Building
    Commercial Building Tips
    Energy
    FAQs
    Financial
    Health Insurance
    Home Insurance
    Insurance
    Local
    Motorcycle Insurance
    Power Efficiency
    Safety
    Travel Insurance
    Workers' Compensation Insurance

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Social Media

Facebook
LinkedIn
Twitter
YouTube
Pinterest

Contact Us

Valencia Insurance Group
3412 NE Sugarhill Ave
Jensen Beach, FL 34957
(772) 344-8899
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash