Car insurance rate raise
Reader question:
How much is a normal car insurance rate raise after an at fault accident?
Mark
Thanks for your question, Mark.
Most companies will relate the amount of your car insurance rate increase to the amount that they had to pay out on your claim. For some companies, this will only be for the liability claim, for others it will include your comprehensive and collision claims. Normally, if they have to pay over around seven hundred dollars, then you will a car insurance rate raise of ten percent. The more they pay out, though, the higher your rates will go. Some states have a limit.
Cheers,
Fashun Guadarrama.
Loading ...