Will my Auto Insurance Premium go up if I File an Auto Insurance Claim?

If you’re involved in an auto accident that is primarily your fault you might be reluctant to file a claim because your auto insurance premium may go up.

Is that actually the case? Do insurance companies raise car insurance rates if you have an accident? Yes, auto insurance companies will raise your auto car insurance premium.

How much your car insurance premium will go up depends on your auto insurance provider. Usually insurance premiums are raised a certain percentage rate, if you have had more then one accident that was your fault the increase will be higher. The auto insurance cost increase you pay will last for two or three years following the claim.

Some insurance providers might not renew your auto insurance coverage if you have a really bad driving record and get into several accidents. If you have an accident caused by drunk driving you can bet your insurance company will not renew your auto insurance policy, not to mention all the other trouble you’re now in.

If you do have a car accident that is your fault, report the accident to your insurance company even if the accident is small and you don’t plan to file a claim. By reporting the accident you’re protecting yourself from future liability if the other party decides to file a claim or sue you.

Shopping for the best auto insurance rates? You can find auto insurance providers in your zip code and compare auto insurance rates by using our auto insurance search engine.

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