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Every car insurance company sets their prices differently, so shopping around is the single best way to find
the cheapest rate.
That's where InsuranceGenius comes in. In a matter of minutes, you can get quotes from multiple
car insurance companies to find the best price for you.
Take a few minutes now to find out just how much we can save you!
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Will filing a claim raise my price?
Many people worry that if they file a claim their insurance premium will go up or that their policy will be cancelled. In general an insurer will increase your premium by a certain percentage for each chargeable claim made against your policy above a specific dollar amount. A chargeable claim is one your insurer considers to be primarily your fault and is not too old to be counted.
These policies vary from company to company. For a hypothetical example, Insurance Company A might raise your premium by 10% for every chargeable claim made against your policy that cost more than $250. Insurance Company B might forgive the first claim made against your policy but increase your premium by 12% for every chargeable claim made against your policy that cost more than $500.
The amount of time that a chargeable claim counts against you varies from company to company and from state to state. Typical period for most is three years but some states allow up to five.
Use this insurance company variability to your advantage. Shop around for your car insurance any time your current insurance company increases your premium because of a claim or a claim becomes too old to count.
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