Will your auto insurance premium increase?

Question:

Let's say that you caused a huge dent to your own car by backing into a metal post. If you file a claim with the insurance company to repair the dent, will the premiums increase? If so, will that "loss" stick with you, causing premiums to be high over the next few years?

Answer:
It could. You need to determine whether the amount of damage that exceeds your deductible will be more than the increase in premiums. If you have ana gent you can ask them and they will tell you without holding it against you. Also, if you are with one of the big carriers, i.e., Allstate, State Farm, Farmers, etc. they generally have "Accident Forgiveness" and will not increase your premiums if you haven't had another claim with them in the last 3 years. Good luck!

It is probably best to pay for the damage out of pocket rather than go through your insurance for this type of claim. Most accidents that are your fault will usually cause your insurance to go up.

Probably. You should check rates with an accident and without one to see the difference.

Will your auto insurance premium increase?

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