Insurance rate increase after a claim?
We have Allstate insurance on a 10 year old fifth wheel. We had some body damage to the fifth wheel on a trip and it has been estimated to be about $5000 to fix it perfect, or about $3000 to fix it ...
Forum Discussion
The answer is it depends on the program your policy is written under. Every state is different and every Company has a variety of underwriting programs which have different underwriting standards / rates for different classes.
Many companies usually charge for:
At fault accidents
Comp claims over $x (generally 500 to 1k)
Credit issues
Lack of prior insurance
Low coverage limits
PIP / Medical claims
BI claims
There are other things they can nit pick but you get the idea. If you cross some rating threshold your rate will change. That threshold depends on the company and the program your policy was written under.
Your agent should be able to tell you if they are worth their salt.
Many companies usually charge for:
At fault accidents
Comp claims over $x (generally 500 to 1k)
Credit issues
Lack of prior insurance
Low coverage limits
PIP / Medical claims
BI claims
There are other things they can nit pick but you get the idea. If you cross some rating threshold your rate will change. That threshold depends on the company and the program your policy was written under.
Your agent should be able to tell you if they are worth their salt.
