If i sue my auto insurance underinsured, will my insurance raise?
Question:
Answer:
It depends on what is allowed by your state's insurance commission. Generally, there is a web-site listing what types of incidences can be used to raise your rates. If you cannot find the web-site, most state's insurance commissions are run out of their attorney general's office. Contact them and then document what they tell you. Because even though your insurance may NOT be allowed by your state's law to raise your rates, does not mean that they won't raise your rates. You want to be prepared with documentation in case they improperly raise your rates.
I used work in the insurance industry and we called insurance "legal larceny."
It is a not at fault accident which will not raise your insurance premiums. Some companies have limitations on how many not at fault accidents they will accept, but it is always more than one.
Unfortunately this question is very hard to answer. It all depends on the company. Technically, they shouldn't be charging you if the accident was not your fault, but they find ways around that. For example, they may not charge you an accident "surcharge", but the accident may place you in a higher rated risk "tier" than you were originally in before your accident... in effect, increasing your premium but not technically charging you for the accident.
Messed up, isnt it? Welcome to the world of insurance
It depends on what state you are in - but MOST of the time, you do not "sue" your auto carrier for an underinsured motorist claim - you just file it as part of the rest of the claim.
And in MOST states, it does not raise your rates.
More Questions & Answers...